Table of Contents:
A successful quarter for Intesa Sanpaolo
Intesa Sanpaolo recently announced an upward revision of its 2025 earnings forecasts, a significant change that reflects an increase in revenues and a reduction in provisions for non-performing loans. This result allowed the largest Italian bank to exceed analysts’ profit estimates in the third quarter of the year. Total revenues increased by 6.4%, reaching 6.8 billion euros, thanks to an increase in commissions, loans and trading activities
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Growing net profit
In the period between July and September, net profit rose by 26%, reaching 2.40 billion euros, compared to the 2.26 billion expected by analysts.
This positive result prompted CEO Carlo Messina to revise expectations, predicting a net result that could reach up to 9 billion euros, thus exceeding the previous target of more than 8.5 billion euros.
Strategies for the future
Messina has outlined a clear strategy for the future, focusing on commissions and higher income from insurance, asset management and assets. These elements are considered essential to increase bank revenues, especially in a context in which the positive effect of high rates tends to decrease due to cuts in the European Central Bank (ECB). The bank is preparing to navigate a changing economic environment, keeping a close eye on market dynamics.
Economic context and markets
In the wider context, last week saw a decrease in claims for unemployment benefits in the United States, reaching the lowest level since May. However, the European stock exchanges and Piazza Affari got off to a subdued start. Investors are looking forward to data on inflation in Italy and the eurozone, as well as the core PCE of the United States. In France, harmonized inflation accelerated to 1.5% per year in October, confirming analysts’ estimates. In addition, the Bank of Japan decided to keep the interest rate unchanged at 0.25%, with a unanimous decision by all members
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