|Bid||3.0600 x 669160900|
|Ask||3.1000 x 483193400|
|Day's Range||3.1115 - 3.1470|
|52 Week Range||2.0640 - 3.1935|
|PE Ratio (TTM)||7.79|
|Earnings Date||May 8, 2018|
|Forward Dividend & Yield||0.18 (5.81%)|
|1y Target Est||3.41|
Jan.24 -- Carlo Messina, chief executive officer at Intesa Sanpaolo, discusses the outlook for Italy, opportunities in China, and overall global economic growth. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Markets: European Open" at the World Economic Forum's annual meeting in Davos, Switzerland.
Moody's Investors Service ("Moody's") today affirmed the baa3 baseline credit assessment (BCA) and all ratings and assessments of Intesa Sanpaolo S.p.A. (Intesa Sanpaolo), maintained a negative ...
Intrum Justitia AB is seeking a partner to buy a 12.1 billion-euro ($15.1 billion) portfolio of bad loans from Intesa Sanpaolo SpA, according to people with knowledge of the matter.
Mid-sized lender Creval (PCVI.MI) will offer new shares at 0.10 euros each from Monday, in a 700 million euro (621.89 million pounds) offer that will test investor demand for Italian banks ahead of a general election. Italy's banking sector is restructuring after the country's deep economic slump. Under regulatory pressure to shed 324 billion euros in soured loans still sitting on their books three years after the recession ended, Italian banks have been raising capital to be able to write them down and sell them off.
Intesa SanPaolo expects a partial sale of its debt collection unit won't take long and looks with particular interest at Sweden's Intrum Justitia, though China's CEFC is also interested, the Italian bank's chairman said. Bowing to regulatory pressure to speed up the reduction of bad debts, Intesa is looking to sell a majority stake in its bad loan unit together with a large portfolio of soured loans. "It won't take long ... we're confident though it's a complex operation," Chairman Gian Maria Gros-Pietro said on the sidelines of the Assiom-Forex banking conference.
Italy's Intesa SanPaolo (ISP.MI) pledged to halve soured loans under a new four-year plan to tackle its "only weak spot", while also rapidly increasing revenue and cutting costs to cement its position as one of Europe's most profitable banks. First among Italian banks to switch away from their traditional lending activity, Intesa has successfully built a business model centred on fees earned through asset management and insurance. Chief Executive Carlo Messina said on Tuesday the bank would seek a partnership with a global player in asset management this year, but aimed to retain majority ownership of the business.
MILAN (AP) — Italian bank Intesa SanPaolo says that it will consider partnership with a big asset manager as part of it new five-year business plan.
Intesa Sanpaolo (ISP.MI) said on Friday it learnt "with dismay" that it could be brought into judicial proceedings against Veneto Banca, a lender it purchased last year. Intesa, Italy's biggest retail bank, took over the good assets of Veneto Banca and Popolare di Vicenza for a symbolic price of one euro in 2017. In an emailed statement, Intesa said it had bought only certain assets of Veneto Banca and Popolare di Vicenza, and the acquisition had nothing to do with events of the past.
The top priority in Intesa Sanpaolo's (ISP.MI) new business plan will be cutting the Italian bank's exposure to non-performing loans, Chief Executive Carlo Messina said on Tuesday. "We are ready to present a new plan which will increase value creation for the group and priority number one will be reducing the stock of non performing loans," Messina told Reuters TV at the World Economic Forum in Davos. Italy's biggest retail lender is due to present its business plan on Feb. 6.
The European Central Bank's Chief Supervisor Daniele Nouy was "inflexible" at a meeting with Italian lenders on Wednesday where topics such as bad loans were discussed, two sources with knowledge of the matter said. Italian banks piled up soured loans in a deep recession and are struggling to get rid of them as a clogged judicial system hampers recoveries and sales can only be carried out at a loss. The Bank of Italy spoke of a "very constructive and useful exchange of views" in a statement issued after the meetings that Nouy held with domestic supervisors, top executives from Italy's bigger banks and the national banking association.
Intesa Sanpaolo continues to hold to its view that government bonds from the eurozone’s periphery will underperform those of core eurozone states in 2018 in a global repricing.
Intesa Sanpaolo's (ISP.MI) shift in strategy to sell part of its prized bad loan unit could prompt other Italian banks to follow suit with Banco BPM (BAMI.MI) and UBI (UBI.MI) seen as possible candidates, industry and financial sources said. Intesa, which had bet on recovering its problematic loans internally, said last week it was in talks with Scandinavian debt collector Intrum Justitia (INTRUM.ST) on a possible sale of its collection business and a chunk of its 53.6 billion euros ($66 billion) in soured debts. Sources familiar with the matter said the business has been valued at about 500 million euros ($612 million), a price tag that broker Equita SIM termed a "once in a lifetime" opportunity.
Intesa Sanpaolo's (ISP.MI) sudden change of plan for tackling bad debts was driven by the European Central Bank's tough line on problem loans, sources familiar with the matter said. Intesa on Wednesday said it was in talks on a possible sale of its debt collection business and a bad loan portfolio to Swedish credit servicing group Intrum Justitia (INTRUM.ST). This marked a change of direction for Intesa, which had been tackling bad debts in-house to boost recoveries and avoid sales that are normally done at a loss and burn through capital.
Rating Action: Moody's withdraws NTV's B1 rating. Global Credit Research- 21 Dec 2017. Milan, December 21, 2017-- Moody's Investors Service has today withdrawn the Italian railway operator Nuovo Trasporto ...
Intesa Sanpaolo SpA said it expects to cut annual expenses by about 675 million euros ($800 million) starting in 2021 through job reductions that follow its acquisition of two failed banks from the Veneto ...
ROME (Reuters) - Italy's state holding company CDP and Intesa Sanpaolo (ISP.MI) have signed a non-binding agreement to join ArcelorMittal's (MT.AS) bid to buy Italian steelmaker Ilva, a source ...
** Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. ** China's top oil and gas company CNPC is considering taking over Total's stake in a giant Iranian gas project if the French company leaves Iran to comply with any new U.S. sanctions, industry sources said. ** South African tycoon Christo Wiese called off plans to sell his stake in grocer Shoprite to Steinhoff's African arm, a day after he resigned from Steinhoff's board in the midst of an accounting scandal.
Italy's state holding company CDP and Intesa Sanpaolo have signed a non-binding agreement to join ArcelorMittal's bid to buy Italian steelmaker Ilva, a source close to the matter said on Friday. The involvement of CDP and Intesa, which the source said would amount to about 100 million euros ($118 million), would replace the share in the consortium currently held by Italian steel processor Marcegaglia. EU antitrust authorities in November upgraded their investigation into whether the proposed purchase of Ilva by the consortium led by ArcelorMittal, the world's biggest steelmaker, would lead to steel price hikes.
Rating Action: Moody's affirms B3 local-currency deposit ratings of Egyptian banks, stable outlook maintained. Global Credit Research- 12 Dec 2017. Limassol, December 12, 2017-- Moody's Investors Service, ...
Rating Action: Moody's assigns definitive rating to Italian RMBS notes issued by Brera Sec S.r.l. Global Credit Research- 11 Dec 2017. Milan, December 11, 2017-- Moody's Investors Service has today assigned ...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Intesa Sanpaolo SpA. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
European shares edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Euro zone stocks once again performed better than the broader pan-European STOXX 600 index as UK stocks slipped. "In the world, the sector with the biggest potential to grow from here in earnings is probably continental European banks," said Kevin Gardiner, global investment strategist at Rothschild Wealth.
The head of Italy's top retail bank Intesa Sanpaolo (ISP.MI) joined a growing chorus of Bitcoin critics, calling the wild gyrations in the price of the cryptocurrency a speculative bubble and saying global regulatory scrutiny was essential. "There is no doubt it's a speculative bubble, when a currency goes from $1,000 to $10,000 in the space of a year the fluctuation is absolutely speculative," Intesa CEO Carlo Messina told the TG5 news programme on Friday. Bitcoin rebounded on Friday to hit the day's highs above $10,500, recovering from an earlier dip below $9,500, after the U.S. derivatives regulator said it would allow CME Group (CME.O) and CBOE Global Markets (CBOE.O) to list bitcoin futures.