Streetbeat News

ISNPY

Intesa Sanpaolo Spa

http://www.group.intesasanpaolo.com/

CEO

Carlo Messina

Industry

Commercial Banking

Open

24.09

Mkt cap

73B

Volume

12K

High

24.55

P/E Ratio

7.87

52-wk high

26.96

Low

24.09

Div yield

0.05

52-wk low

16.54

Intesa Sanpaolo has become the leading bank in the eurozone for shareholder value creation, with a +205% increase in total shareholder return since 2014, following the distribution of €3 billion in interim dividends for 2024.

Portfolio Pulse from

November 20, 2024 | 4:30 pm

Intesa Sanpaolo's shares have performed well this year, with a 60% total return, despite a decline in net interest income due to lower interest rates. The bank's earnings remain strong, but the stock's valuation has expanded, and the value case has weakened.

Portfolio Pulse from

November 05, 2024 | 10:30 pm

Italy's government has announced a 40% windfall tax on bank profits, causing market chaos. The tax targets the net interest margin and aims to inject fresh resources into Rome’s debt-challenged coffers. Major Italian banks, including Intesa Sanpaolo Spa and Unicredit Spa, have seen their shares drop significantly. The iShares MSCI Italy ETF is also expected to be impacted.

Portfolio Pulse from Piero Cingari

August 08, 2023 | 3:05 pm

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