Intesa Sanpaolo (OTCMKTS:ISNPY) Issues Earnings Results

Key Points

• Intesa Sanpaolo reported quarterly earnings and said results topped analysts’ expectations, with strong profitability metrics including a 13.48% return on equity and a 23.71% net margin.
• The stock edged lower in Friday trading to $41.25, after trading below its average volume; it remains near the upper end of its 52-week range of $32.16 to $43.62.
• Wall Street sentiment is broadly positive, with several firms reiterating buy-type ratings and the stock carrying an overall “Moderate Buy” consensus.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) released its earnings results on Friday. The financial services provider reported $999.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $997.92, Zacks reports. Intesa Sanpaolo had a return on equity of 13.48% and a net margin of 23.71%.

Intesa Sanpaolo Stock Performance

OTCMKTS:ISNPY traded down $0.06 during mid-day trading on Friday, hitting $41.25. The stock had a trading volume of 139,347 shares, compared to its average volume of 466,697. Intesa Sanpaolo has a twelve month low of $32.16 and a twelve month high of $43.62. The stock has a market cap of $119.72 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.19 and a beta of 0.80. The company's 50 day simple moving average is $38.33 and its 200 day simple moving average is $39.84.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of Intesa Sanpaolo in a report on Thursday, April 16th. Kepler Capital Markets upgraded Intesa Sanpaolo from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 1st. Citigroup reiterated a "buy" rating on shares of Intesa Sanpaolo in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Intesa Sanpaolo in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy's largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.