Intesa Sanpaolo: A Clear Buy

Mare Evidence Lab
5.8K Followers

Summary

  • Intesa Sanpaolo secures its exposure to Russia/Ukraine and confirms its 2025 industrial plan.
  • Q2 net income was 30% above the analyst’s expectations.
  • Best in class NPL and Cost/Income ratio, again a buy at this price level.

Intesa Sanpaolo Bank office in Albania.

RobsonPL/iStock Editorial via Getty Images

Well, we like Intesa Sanpaolo (OTCPK:ISNPY) - especially at this stock price level. Since our initiation of coverage (more than two years), our buy case recap still holds. At that time, we emphasized Intesa's dominant market position, a strong cost/income ratio

This article was written by

5.8K Followers
Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ISNPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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