Intesa 1Q Net Beats; Keeps Commitment on EU3b Cash Dividends
Source: BFW (Bloomberg First Word)
Tickers
ISP IM (Intesa Sanpaolo SpA)
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UUID: 7947283
(Bloomberg) -- Intesa 1Q net income EU806m compares with est. EU702.9m, EU1.06b year earlier.
Alert: HALISTER- 1Q total revenue EU4.09b vs est. EU4.07b
- 1Q net interest income EU1.88b vs est. EU1.92b
- 1Q net commissions EU1.71b vs est. EU1.84b
- 1Q loan loss provisions EU694m vs est. EU704m
- CET1 ratio on a transitional basis 12.9% end-March vs 13% end-Dec.
- Confirms commitment to distribute EU3b cash dividends
- Intesa expects to record improvement in revenue, op margin in 2016
- Shares erase losses after release
- Statement
- PREVIEW here
- Related
- Intesa is trading on 8.8x next year’s earnings vs 8.5x for Stoxx 600 Banks index: Bloomberg data
- Of 35 analyst ratings, 24 are buy, 9 hold, 2 sell
Source: BFW (Bloomberg First Word)
Tickers
ISP IM (Intesa Sanpaolo SpA)
To de-activate this alert, click here
UUID: 7947283