|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.40 - 12.52|
|52 Week Range||12.11 - 18.58|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||6.88|
|Forward Dividend & Yield||1.32 (10.84%)|
|1y Target Est||N/A|
For many, the main point of investing is to generate higher returns than the overall market. But every investor is...
Italian biggest retail bank Intesa Sanpaolo reached an agreement with five banking unions for 1,600 voluntary layoffs, unions said on Thursday Under the agreement, Intesa will hire 150 new employees, mainly ...
Banca IMI Securities Corp has pleaded guilty to an antitrust charge and was sentenced to a pay a criminal fine of more than $2 million for its involvement in a conspiracy to rig bids for pre-release American Depository Receipts (ADRs), the U.S. Justice Department said in a statement on Friday. It said the New York-based broker-dealer, which is indirectly controlled by Banca IMI, admitted that it engaged in the conspiracy with other institutions and individuals between March 2012 and at least August 2014. The broker pleaded guilty to conspiring to borrow pre-release ADRs from U.S. depository banks at artificially suppressed rates, the statement said.
European voters will head to the polls later this month to choose new representatives to the European Parliament. The vote is being seen as a key test between Euroskeptic and pro-EU parties. The anti-establishment and partly nationalist coalition in charge of Italy have slowly normalized the way they do politics since coming to power, the CEO of Intesa Sanpaolo told CNBC Wednesday.
Italy's biggest retail bank, Intesa Sanpaolo, does not see any possible benefit from a merger with another European bank, Chief Executive Carlo Messina said on Tuesday. Messina made the comment to reporters when asked about last week's collapse of merger talks between Deutsche Bank and Commerzbank, a breakdown that has sparked talk that other banks could now be interested in Commerzbank.
A rescue plan for Italy's Carige by U.S. asset manager BlackRock would allow a fund financed by Italian lenders to take part in a cash call at the Genoa-based bank, the chief executive of Intesa Sanpaolo said on Tuesday. Carlo Messina said the BlackRock proposal was consistent with a restructuring plan drafted by Carige's temporary administrators which allowed the Italian banking fund to take a stake by converting debt into equity. Italian banks propped up Carige in November by buying a 320 million euro (£276 million) hybrid bond to beef up its total capital via the voluntary-contribution arm of a depositor guarantee fund.
Moody's Investors Service (Moody's) has today affirmed Intrum AB (publ)'s (Intrum's) Corporate Family rating (CFR) and local and foreign currency senior unsecured debt ratings at Ba2. Moody's has also withdrawn Intrum's instrument rating outlooks for its own business reasons.
Moody's Investors Service ("Moody's") has today upgraded the long-term local-currency deposit ratings of National Bank of Egypt SAE ("NBE"), Banque Misr SAE ("BM"), Banque Du Caire SAE ("BdC") and Commercial International Bank (Egypt) SAE ("CIB") to B2 from B3, and their long-term foreign currency deposit ratings to B3 from Caa1. The rating agency has also upgraded Bank of Alexandria SAE's ("Alex Bank") long-term local currency deposit rating to B1 from B2, and its long-term foreign currency deposit rating to B3 from Caa1.
Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese President Xi Jinping, including 10 with Italian companies and others with ministries and public bodies. Italian Deputy Prime Minister Luigi Di Maio said the deals were worth an initial 2.5 billion euros ($2.8 billion) but had a potential value of 20 billion. Italy's state lender Cassa Depositi e Prestiti (CDP) signed an agreement with Bank of China to let it sell "Panda" bonds - debt sold by foreign entities to investors in mainland China.
A potential merger between Deutsche Bank and rival Commerzbank does not signal a new wave of banking consolidation in Europe, the chairman of Italy's biggest retail lender Intesa Sanpaolo said on Monday. ...
MILAN (Reuters) - A potential merger between Deutsche Bank and rival Commerzbank does not signal a new wave of banking consolidation in Europe, the chairman of Italy's biggest retail lender Intesa Sanpaolo ...
Announcement: Moody's announces completion of a periodic review of ratings of Intesa Sanpaolo S.p.A. Madrid, March 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Intesa Sanpaolo S.p.A. and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Intesa Sanpaolo has so far reimbursed 60 percent of 8,000 clients who bought diamonds as an investment from Italy's biggest retail bank, its chief executive said on Wednesday. Four Italian banks, including Intesa, have been placed under investigation over alleged fraudulent diamond sales.
FLORENCE, Italy (Reuters) - Italy's biggest retail bank Intesa Sanpaolo sticks by targets set in February last year under a business plan to 2021 despite the worsening economy, Chief Executive Carlo Messina ...
Intesa Sanpaolo SpA has built a decent fallout shelter — but it may be the exception. Net interest income in the fourth quarter fell 5.4 percent from the year-earlier period and commissions at Italy’s second-largest bank also dropped, missing analyst estimates. Chief Executive Officer Carlo Messina is confident the bank can deliver “much higher” income from lending in 2019 and said net inflows will exceed 2018 in a “significant way.” He may sound overly bold but his record of meeting objectives is pretty good — he deserves the benefit of the doubt.
MILAN (AP) — Italian bank Intesa SanPaolo says its 2018 earnings increased by a modest 5 percent as it refocuses its business on asset management.
Italy's biggest retail bank Intesa Sanpaolo met its widely trumpeted dividend pledge as it reported a higher 2018 net profit despite a weak end to the year. Intesa said revenues stagnated in 2018 and net profit stood at 4.05 billion euro (3.55 billion pounds) in the full year compared with 3.8 billion euros in 2017, when excluding a 3.5 billion euro cash payment from the state to take over two failing regional banks. Intesa booked a 400 million euro capital gain in 2018 on its partnership with Intrum to sell a majority stake in its loan recovery business to the Swedish debt collector together with 10.8 billion euros in bad loans.
An ageing population and struggling state finances could turn into an unlikely boon for Italy's banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the move loud and clear since June last year, splashing white and green "Bank Insurance" stickers across its branches. Battling loan losses and negative interest rates, Italian banks have also seen their asset management fees hurt by Italy's latest economic woes, while technology is exposing the industry to outside competition in core areas such as payments.