Intesa Sanpaolo
ISP: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|?W | LOCK|X< | LOCK|Zt#yhk^ |
Intesa Sanpaolo Earnings: Guidance Implies Slightly Higher 2025 Earnings Despite Lower Rates
No-moat Intesa Sanpaolo reported another superb set of results, recording a net profit of EUR 2.4 billion for the third quarter of 2024—26% higher than a year earlier and only 3% lower than the previous quarter. Despite lower interest rates, net interest income held up well. Healthy fee growth was the main driver behind a 6% increase in revenue year on year.
