Intesa Sanpaolo (BIT:ISP)
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1 año : De May 2018 a May 2019
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 email@example.com
(END) Dow Jones Newswires
November 06, 2018 08:10 ET (13:10 GMT)
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