Intesa Sanpaolo (OTCMKTS:ISNPY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Unusually-high trading volume: About 1,027,514 shares traded Wednesday, a 106% increase from the prior session, with the stock last at $39.66 versus a $37.98 close.
• Analyst sentiment is positive: Kepler upgraded to a "strong-buy," Deutsche Bank and Citi reiterated "buy," and the consensus rating is "Moderate Buy" (1 Strong Buy, 4 Buy, 3 Hold).
• Solid recent results and valuation: Q1 EPS was $0.70 on $8.23B revenue, with ROE 13.57% and net margin 22.67%; market cap ~$114.9B, P/E 11.78 and P/E/G 1.03.

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,027,514 shares were traded during mid-day trading, an increase of 106% from the previous session's volume of 499,905 shares.The stock last traded at $39.66 and had previously closed at $37.98.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ISNPY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Intesa Sanpaolo in a report on Wednesday, February 4th. Citigroup reiterated a "buy" rating on shares of Intesa Sanpaolo in a research report on Wednesday, February 4th. Finally, Kepler Capital Markets raised Intesa Sanpaolo from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Intesa Sanpaolo Price Performance

The company's 50-day simple moving average is $38.87 and its two-hundred day simple moving average is $39.57. The firm has a market capitalization of $114.87 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.03 and a beta of 0.77.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last posted its quarterly earnings data on Friday, April 3rd. The financial services provider reported $0.70 EPS for the quarter. The firm had revenue of $8.23 billion during the quarter. Intesa Sanpaolo had a return on equity of 13.57% and a net margin of 22.67%. Analysts predict that Intesa Sanpaolo SpA will post 2.91 earnings per share for the current year.

About Intesa Sanpaolo

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.

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