Intesa Sanpaolo (OTCMKTS:ISNPY) Issues Quarterly Earnings Results

Intesa Sanpaolo (OTCMKTS:ISNPY) announced its earnings results on Friday. The financial services provider reported $999.00 earnings per share for the quarter, beating the consensus estimate 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 Price Performance

Shares of OTCMKTS:ISNPY opened at $41.25 on Friday. Intesa Sanpaolo has a fifty-two week low of $32.16 and a fifty-two week high of $43.62. The business has a 50-day moving average of $38.33 and a two-hundred day moving average of $39.84. The stock has a market capitalization of $119.72 billion, a P/E ratio of 11.62, a P/E/G ratio of 1.16 and a beta of 0.80.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ISNPY. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. Citigroup reaffirmed a “buy” rating on shares of Intesa Sanpaolo in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed 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 research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company 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.