- Intesa Sanpaolo‘s 1Q net income surpassed expectations, achieving €2.62 billion against an estimate of €2.43 billion.
- The bank reported an operating income of €6.79 billion, slightly above the anticipated €6.7 billion.
- Net interest income was slightly below forecasts at €3.63 billion compared to the estimate of €3.66 billion.
- Net fee and commission income exceeded projections, totaling €2.44 billion compared to the estimate of €2.42 billion.
- Trading profit stood at €265 million.
- The cost to income ratio improved, with a 38% figure against an expected 39.8%.
- The Non-Performing Loan (NPL) ratio was 2.3%, slightly higher than the 2.25% estimate.
- Analyst recommendations were largely positive with 22 buys, 3 holds, and only 2 sells.
A look at Intesa Sanpaolo Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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, a banking and financial services company, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With a solid score in value, high dividend rating, good growth prospects, decent resilience, and strong momentum, the company seems to be well-positioned for future success. Intesa Sanpaolo attracts deposits and offers a wide range of banking services, making it a key player in the industry.
Overall, Intesa Sanpaolo‘s positive Smart Scores in various key factors suggest a favorable outlook for the company’s performance in the long run. With a strong emphasis on dividends and momentum, coupled with its established presence in multiple regions, Intesa Sanpaolo could potentially continue to deliver value to its stakeholders and maintain a competitive position in the market.
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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