Intesa Sanpaolo 3Q Net Profit Beats Views
03 November 2021 - 02:15PM
Dow Jones News
By Cristina Roca
Intesa Sanpaolo SpA on Wednesday reported higher-than-expected
net profit and operating revenue for the third quarter, and stuck
to its earnings guidance for the year despite already having passed
the mark it set for itself.
The Italian lender posted a net profit of 983 million euros
($1.14 billion) compared with EUR3.81 billion the previous year,
when the bank consolidated UBI Banca and booked badwill from the
acquisition of the business. Excluding these effects, the
comparable figure would be EUR546 million, according to the
bank.
Intesa's net profit for the first nine months of the year came
in at EUR4.01 billion. The bank said it continues to expect net
profit of more than EUR4 billion for the full year.
Operating income, the bank's main top-line figure, rose 7% to
EUR5.09 billion, the bank said.
The results beat analyst views of a quarterly net profit of
EUR813.6 million on operating income of EUR4.9 billion, according
to a FactSet consensus.
Net interest income--the difference between what lenders earn
from loans and pay for deposits--was EUR2 billion, down 6.1% on
year.
The bank's board also approved an interim dividend of 7.21 euro
cents a share, as expected.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
November 03, 2021 09:00 ET (13:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Intesa Sanpaolo (BIT:ISP)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Intesa Sanpaolo (BIT:ISP)
Historical Stock Chart
Von Mär 2023 bis Mär 2024