Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Intesa Sanpaolo    ISP   IT0000072618

INTESA SANPAOLO

(ISP)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Is It Calm or Complacency in Italian Markets?

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 05:45am EST

By Alex Frangos and James Willhite

Markets early Monday gave a big shrug to news over the weekend that Italy's top officials were taking aim at the country's central bank, which plays a big role in keeping Italy's financial system safe.

Italian government bond yields were in line with where they traded Friday, with the 10-year government bond yielding around 2.9%. Italian bank stocks traded slightly higher, with Intesa Sanpaolo and UniCredit both up slightly.

The news from The Wall Street Journal's Giovanni Legorano over the weekend:

ROME-Italy's populist government launched an unprecedented attack on the country's central bank over the weekend, saying its top brass should be replaced because it had failed to supervise effectively the country's troubled banking sector.

However, investors may think the attack lacks teeth. As the story notes:

Under the Bank of Italy's rules, the central bank chooses its own top appointees, though the government must endorse the bank's nominee. Final approval rests with President Sergio Mattarella--a respected figure in Italy's establishment and another bete noire of the League and 5 Star Movement.

But markets also have a history of ignoring Italy's politics until they don't.

Write to Alex Frangos and James Willhite at alex.frangos@wsj.com and james.willhite@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
INTESA SANPAOLO 3.18% 2.047 End-of-day quote.5.53%
UNICREDIT SPA 2.97% 11.053 Delayed Quote.12.65%
UNICREDIT SPA 5.29% 11.224 End-of-day quote.13.44%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTESA SANPAOLO
02/15Italy`s Linkem secures EUR 39 mln loan for migration to 5G
AQ
02/15Linkem secures loan for 5G upgrade
AQ
02/11Is It Calm or Complacency in Italian Markets?
DJ
02/06INTESA SANPAOLO : Reactivating Bank of Alexandria (Custodian)
AQ
02/05INTESA SANPAOLO : Meets 2018 Dividend Target as 4Q Net Profit Falls -- Earnings ..
DJ
02/05INTESA SANPAOLO : Statement by Carlo Messina, Ceo of Intesa Sanpaolo
PU
02/05INTESA SANPAOLO : Sees Growing Profit in 2019 as 4Q Profit Falls -- Update
DJ
02/05INTESA SANPAOLO : Investments shore up earnings at Italy's Intesa SanPaolo
AQ
02/05INTRUM JUSTITIA : Italy's Intesa meets Fiscal Year targets despite soft fourth q..
RE
02/05INTESA SANPAOLO : 4Q Net Profit Slightly Above Expectations
DJ
More news
Financials (€)
Sales 2019 17 739 M
EBIT 2019 8 473 M
Net income 2019 3 914 M
Debt 2019 -
Yield 2019 8,75%
P/E ratio 2019 9,10
P/E ratio 2020 8,08
Capi. / Sales 2019 2,02x
Capi. / Sales 2020 1,98x
Capitalization 35 842 M
Chart INTESA SANPAOLO
Duration : Period :
Intesa Sanpaolo Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTESA SANPAOLO
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 2,43 €
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Carlo Messina MD, Chief Executive Officer & Director
Gian Maria Gros-Pietro Chairman
Rosario Giacomo Strano Chief Operating Officer
Stefano del Punta Chief Financial Officer
Massimo Proverbio Chief Information Technology & Digital Officer
Sector and Competitors
1st jan.Capitalization (M$)
INTESA SANPAOLO5.53%40 480
JP MORGAN CHASE & COMPANY4.92%350 997
INDUSTRIAL AND COMMERCIAL BANK OF CHINA4.16%283 904
BANK OF AMERICA15.22%281 473
CHINA CONSTRUCTION BANK CORPORATION7.38%233 403
WELLS FARGO5.30%231 691