- Intesa Sanpaolo‘s net income for the third quarter exceeded estimates, coming in at EU1.90 billion compared to the expected EU1.74 billion.
- The bank’s operating income also surpassed expectations, reaching EU6.37 billion against the estimated EU6.25 billion.
- Net interest income was higher than anticipated, at EU3.81 billion compared to the predicted EU3.59 billion.
- Net Fee & Commission income slightly fell short of estimates, totalling EU2.10 billion against the estimated EU2.12 billion.
- The trading profit for the quarter was EU52 million.
- Provisions for loan losses were less than expected, at EU357 million compared to the estimated EU451.3 million.
- The Non-Performing Loan (NPL) ratio was slightly higher than anticipated at 2.4%, against the estimated 2.38%.
- Currently, Intesa Sanpaolo has 24 buy ratings, 4 hold ratings and 1 sell rating.
A look at Intesa Sanpaolo Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Intesa Sanpaolo is an Italian bank that provides banking and financial services, such as consumer credit, asset management, Internet banking, merchant banking, securities brokerage, factoring, lease financing and mutual fund management. With branches and offices in Italy, Europe, Asia and the United States, Intesa Sanpaolo has a global reach.
The Smartkarma Smart Scores indicate that Intesa Sanpaolo has a long-term outlook that is very promising. The Bank has an excellent rating for Value and Dividend, and a good rating for Growth and Momentum. Although Resilience is rated lower, overall this indicates that Intesa Sanpaolo is well-positioned to take advantage of future opportunities and succeed in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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