Intesa Sanpaolo 3Q Net Profit Rose 28% -- Earnings Review
06 Noviembre 2018 - 7:25AM
Noticias Dow Jones
By Pietro Lombardi
Intesa Sanpaolo SpA (ISP.MI) reported its third-quarter results
Tuesday. Here's what you need to know:
PROFIT: Intesa's net profit for the period rose 28% to 833
million euros ($949 million). The bank was expected to report a net
profit of EUR787 million, according to a consensus forecast
provided by FactSet.
REVENUE: An operating income of EUR4.27 billion also surpassed
analysts' expectations of EUR4.21 billion, according to the
consensus.
WHAT WE WATCHED:
- CAPITAL: The Italian bank's pro-forma fully-loaded common
equity Tier 1 ratio, a key measure of capital strength, rose to
13.7% in September, compared with 13.6% in June.
- PROVISIONS FOR BAD LOANS: The lender reported a decline in
provisions for bad loans compared with both the previous quarter
and the same quarter last year. Provisions stood at EUR519 million
for the quarter.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 06, 2018 08:10 ET (13:10 GMT)
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