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    ISP   IT0000072618

INTESA SANPAOLO S.P.A.

(ISP)
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Delayed Borsa Italiana  -  11:40 2022-11-25 am EST
2.159 EUR   -0.07%
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Italy's antitrust launches inquiry into Intesa over alleged unfair commercial practice

09/20/2022 | 03:15am EST
Illustration shows Intesa Sanpaolo bank logo

MILAN (Reuters) - Italy's antitrust said on Tuesday it had launched an inquiry into Intesa Sanpaolo over an alleged unfair commercial practice while marketing real estate mortgages for clients at fixed and variable rates.

The authority alleges Italy's biggest bank may not have given customers clear information about the duration of the grace period, the time between the disbursement of the loan and the first month of the repayment plan, it said in a statement.

Under this practice the loan repayment period is likely to be longer and as a result the cost of the mortgage may be higher, it added.

Intesa Sanpaolo was not immediately for comment.

(Reporting by Cristina Carlevaro; editing by Agnieszka Flak)


ę Reuters 2022
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Analyst Recommendations on INTESA SANPAOLO S.P.A.
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Financials
Sales 2022 21 209 M 22 053 M 22 053 M
Net income 2022 4 376 M 4 550 M 4 550 M
Net Debt 2022 - - -
P/E ratio 2022 9,60x
Yield 2022 7,32%
Capitalization 39 449 M 41 020 M 41 020 M
Capi. / Sales 2022 1,86x
Capi. / Sales 2023 1,72x
Nbr of Employees 95 554
Free-Float 95,0%
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Technical analysis trends INTESA SANPAOLO S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 2,16 €
Average target price 2,72 €
Spread / Average Target 26,1%
EPS Revisions
Managers and Directors
Carlo Messina Chief Executive Officer, MD & Director
Stefano del Punta Treasurer
Gian Maria Gros-Pietro Chairman
Massimo Proverbio Chief IT, Digital & Innovation Officer
Paola Angeletti Chief Operating Officer
Sector and Competitors