|Bid||2.1770 x 0|
|Ask||2.1900 x 0|
|Day's Range||2.1475 - 2.2015|
|52 Week Range||2.1475 - 3.2300|
|PE Ratio (TTM)||4.77|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||0.08 (3.12%)|
|1y Target Est||3.07|
Talks on the 2019 budget that could put Rome on collision course with the European Commission given the anti-establishment coalition's big-spending plans, should keep markets in a state of heightened sensitivity to politics. At stake are Italy's borrowing costs -- already well above most European peers. Second, higher yields pose risks to Italian banks, which own almost a fifth of the nearly two trillion euros (£1.8 trillion) of outstanding government debt.
Carlo Messina, chief executive officer at Intesa Sanpaolo, discusses plans for the firm's fund management unit Eurizon Capital. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." ...
Carlo Messina, chief executive officer at Intesa Sanpaolo, discusses Italy's economy, plans for the firm's asset management business, and second-quarter results. He speaks with Bloomberg's Francine Lacqua ...
Weakening core revenues and rising loan losses overshadowed stronger-than-expected second-quarter net profit at Italy's biggest retail bank Intesa Sanpaolo (ISP.MI), weighing on its shares. Chief Executive Carlo Messina told analysts revenue trends would improve in the second half, after the bank said it was on track to meet its midterm goals and close the year with a net profit above 3.8 billion euros (£3.4 billion). Shares in Intesa closed down 4.6 percent, making it the biggest loser on the European banking stock index (.SX7P).
MILAN (AP) — Italian bank Intesa SanPaolo Wednesday that its second-quarter profit rose by nearly 11 percent as the bank pushed into wealth management and further cut costs.
Pillarstone Italy, the debt manager set up by U.S. private equity firm KKR, said on Tuesday Germany's Melitta Group Management had bought 100 percent of Italian cling film maker Cuki. Pillarstone Italy became Cuki's main creditor after buying the packaging firm's debt from Italy's top two banks UniCredit and Intesa Sanpaolo. The acquisition of Cuki, which also owns the Domopak cling film brand, includes the refinancing of all of the firm's debt, Pillarstone Italy said in a statement, adding this was its first "exit" from an Italian transaction.
BlackRock (BLK.N) aims to buy a 30 percent stake in Intesa SanPaolo's (ISP.MI) asset management unit as it seeks greater influence over Italy's second-largest fund house, sources familiar with the matter said. BlackRock, the world's largest asset manager, is in talks with Intesa's executives and is hoping to secure control of the stake in order to play a bigger role in Eurizon's operations and its IT management, one of the sources said. "BlackRock is the natural buyer for Eurizon," he said.
This article is intended for those of you who are at the beginning of your investing journey and want a simplistic look at the return on Intesa Sanpaolo SpA (BIT:ISP)Read More...
A bad loan sale by Italy's third-largest bank Banco BPM is attracting strong interest from investors who are also keen to buy its debt collection business, two sources familiar with the matter said. Resilient demand from investors in distressed debt is an encouraging sign for Italian lenders, whose share prices came under pressure on concerns that political turmoil could slow down bad loans sales demanded by regulators. Banco BPM, born last year from the merger of Banco Popolare and Banca Popolare di Milano, has lagged larger rivals UniCredit and Intesa Sanpaolo in reducing bad debts.
Intesa Sanpaolo SpA said Monday it has invested in financial-technology startup Oval Money’s series A financing round.
Intesa SanPaolo is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, the chief executive of Italy's biggest retail bank said on Friday. Intesa Sanpaolo said in February that it would seek a partnership with a global player in asset management via the sale of a minority stake in its Eurizon unit. The Financial Times reported this week that BlackRock, the world's largest asset manager, was in talks about buying a 10 percent stake in Eurizon.
Intesa SanPaolo is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, the chief executive of Italy's biggest retail bank said on Friday. Intesa Sanpaolo said in February that it would seek a partnership with a global player in asset management via the sale of a minority stake in its Eurizon unit. The Financial Times reported this week that BlackRock , the world's largest asset manager, was in talks about buying a 10 percent stake in Eurizon.
Intesa SanPaolo is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, its chief executive said on Friday. "We're assessing ...
Intesa Sanpaolo Sp.A. (BIT:ISP) outperformed the Diversified Banks industry on the basis of its ROE – producing a higher 14.03% relative to the peer average of 7.50% over the pastRead More...
A buoyant European tech sector, which hit a 17-year peak on Tuesday, was not enough to lift the broader European market as jitters over politics in the periphery persisted. "All big names from Apple to Amazon and Microsoft are able to make huge buybacks and acquisitions and the internal growth of most of these companies is pretty much in line with expectations," Prime Partners equity analyst Jerome Schupp.
On June 01, 2018, the press release was corrected as follows: In the list of affected ratings, under Eni S.p.A, removed the affirmation on Eni USA Inc. Backed Commercial Paper . Milan, May 30, 2018 -- Moody's Investors Service has today placed on review for downgrade the ratings on three non-financial corporates domiciled in Italy: Eni S.p.A. (Eni), Poste Italiane S.p.A. (Poste) and RAI -- Radiotelevisione italiana S.p.A. (Rai).
A robust bounceback in Italian stocks helped lift European equities on Wednesday as investors recovered from the previous day's sharp selloff and digested the possibility of a new Italian election as early as July. Italy's FTSE MIB (.FTMIB) index came back from the previous day's losses with a 2.1 percent rise, but the market was still down 2.7 percent so far this week and had given up all the gains made in 2018. Worries that a repeat election could become a de facto referendum on the euro have hit European stocks this week, with Italy's benchmark FTSE MIB (.FTMIB) touching its lowest level since July 2017 on Tuesday.
Europe’s biggest debt collector, Intrum AB, says it doesn’t see the political turmoil in Italy hurting its business. “The way things look today, and” given “what we have on our books, we think that is very good debt,” said Louise Bergstrom, head of investor relations at the Stockholm-based company. Intrum, which operates in 24 countries, offers credit management services and buys debt portfolios from corporate clients and banks.
BRATISLAVA (Reuters) - The Slovak financial sector is resilient to any potential shocks and the economy is starting to show signs of overheating, the Slovak National Bank said on Wednesday in an annual ...
Investors raised concerns over the large holdings of Italian government debt on the balance sheets of the country’s long struggling financial sector, which was already coping with the weight of bad loans. “The fate of the Italian banking sector remains entwined with that of the sovereign, something that the market understands only too well,” said David Owen, chief European economist for Jefferies, in a note.
Moody's Investors Service has today affirmed Slovakia's Vseobecna uverova banka, a.s.'s (VUB) A2 / Prime-1 deposit ratings, the baa2 Baseline Credit Assessment (BCA) and Adjusted BCA. The stable outlook on the long-term ratings is maintained. Further, the rating agency has affirmed VUB's A2(cr)/Prime-1(cr) Counterparty Risk Assessment (CRA).