Intesa Sanpaolo
ISP: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| g.! | LOCK|PB | LOCK|ngv%??>? |
Intesa Sanpaolo Earnings: Maintains Return Generation Despite Interest Income Softening
Intesa Sanpaolo delivered 9% net income growth for the first half, mostly driven by impressive cost management and the absence of a deposit guarantee contribution. Revenue grew by only 1%, supported by fee and insurance income. Shares were up around 4% on July 30.
