Intesa Sanpaolo 3Q Net Profit Rose 28%
November 06 2018 - 7:50AM
Dow Jones News
By Pietro Lombardi
Intesa Sanpaolo SpA's (ISP.MI) third-quarter net profit rose 28%
on year, it said Tuesday, beating analysts expectations.
Net profit for the period was 833 million euros ($949 million)
compared with EUR650 million a year earlier.
Operating income rose slightly on year to EUR4.27 billion.
Analysts had expected the Italian bank to report a net profit of
EUR787 million for the quarter, according to a consensus forecast
provided by FactSet.
Shares in Intesa and other Italian banks have been under
pressure recently, as concerns over the country's budget have
driven up the BTP-Bund spread.
Intesa's pro-forma fully-loaded common equity Tier 1 ratio, a
key measure of capital strength, rose to 13.7% at the end of
September from 13.6% in June.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 06, 2018 07:35 ET (12:35 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Intesa Sanpaolo (BIT:ISP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intesa Sanpaolo (BIT:ISP)
Historical Stock Chart
From Apr 2023 to Apr 2024