Intesa Sanpaolo ADR

ISNPY: PINX (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$49.16	Svwp	Djxqrdrrqv

Intesa Performs Well Despite Challenges Posed by Italian Economy

Johann Scholtz

Aug 18, 2020

Business Strategy and Outlook

Intesa is the best-run bank in Italy, but the weakness of the Italian banking system erodes whatever competitive advantage Intesa may have.

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