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    ISP   IT0000072618

INTESA SANPAOLO S.P.A.

(ISP)
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Intesa Sanpaolo Partners With Google, Telecom Italia to Speed Up Digitalization

05/21/2020 | 06:39am EDT

By Pietro Lombardi

 

Intesa Sanpaolo SpA is teaming up with Alphabet Inc.'s Google and Telecom Italia SpA to accelerate its digitalization.

The parties signed a memorandum of understanding under which the Italian bank will get cloud services from Google using Telecom Italia's data centers, they said Thursday in a joint statement.

"The Memorandum of Understanding signed today aims to transform Intesa Sanpaolo into a Digital IT Company," said Massimo Proverbio, Intesa's chief of IT digital and innovation.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.22% 2778.77 Delayed Quote.58.30%
INTESA SANPAOLO S.P.A. 0.87% 2.322 Delayed Quote.20.36%
TELECOM ITALIA S.P.A. -1.46% 0.3507 Delayed Quote.-5.70%
All news about INTESA SANPAOLO S.P.A.
05:42aBanks grant Lavazza 500 million euro loan for green projects
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09/20INTESA SANPAOLO S.P.A. : Buy rating from UBS
MD
09/17INTESA SANPAOLO S P A : Fideuram buys Luxembourg's CBPQ to expand private banking business
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09/17INTESA SANPAOLO S P A : Amendment to the terms and conditions
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09/16INTESA SANPAOLO S.P.A. : Jefferies reiterates its Neutral rating
MD
09/15INTESA SANPAOLO S P A : concludes ordinary share buy-back programme for free assignment to..
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09/13INTESA SANPAOLO : change to the 2021 financial calendar
PU
09/13INTESA SANPAOLO S.P.A. : Deutsche Bank remains its Buy rating
MD
09/13INTESA SANPAOLO S P A : Amendment to the terms and conditions
PU
09/13INTESA SANPAOLO : filing notice
PU
More news
Analyst Recommendations on INTESA SANPAOLO S.P.A.
More recommendations
Financials
Sales 2021 20 586 M 24 133 M 24 133 M
Net income 2021 4 365 M 5 117 M 5 117 M
Net Debt 2021 - - -
P/E ratio 2021 10,3x
Yield 2021 10,8%
Capitalization 44 586 M 52 245 M 52 268 M
Capi. / Sales 2021 2,17x
Capi. / Sales 2022 2,14x
Nbr of Employees 99 112
Free-Float 95,3%
Chart INTESA SANPAOLO S.P.A.
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Intesa Sanpaolo S.p.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends INTESA SANPAOLO S.P.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 2,30 €
Average target price 2,73 €
Spread / Average Target 18,8%
EPS Revisions
Managers and Directors
Carlo Messina Chief Executive Officer, MD & Director
Stefano del Punta Chief Financial Officer
Gian Maria Gros-Pietro Chairman
Massimo Proverbio Chief IT, Digital & Innovation Officer
Paola Angeletti Chief Operating Officer
Sector and Competitors