Intesa Sanpaolo Meets 2018 Dividend Target as 4Q Net Profit Falls -- Earnings Review
05 Febrero 2019 - 12:11PM
Noticias Dow Jones
By Pietro Lombardi
Intesa Sanpaolo SpA (ISP.MI) reported its fourth-quarter and
full-year results on Tuesday. Here's what you need to know:
NET PROFIT: The bank reported a net profit of 1.04 billion euros
($1.19 billion) for the quarter, with results including a EUR443
million capital gain from the nonperforming loans partnership with
Intrum Justitia AB (INTRUM.SK). This compares with analysts'
expectations of a EUR1 billion net profit, according to a consensus
forecast provided by FactSet. The bank had posted a net profit of
EUR1.43 billion a year earlier, when results were boosted by an
EUR811 million gain from the disposal of Intesa's stake in
Allfunds.
REVENUE: Operating income for the period was EUR4.19 billion, an
11% decline from a year earlier. Analysts had expected operating
income of EUR4.26 billion, according to the consensus.
WHAT WE WATCHED:
-DIVIDEND: Intesa proposed a cash dividend of 19.7 European
cents a share for a payout ratio of 85%, as indicated in its
plan.
-ASSETS UNDER MANAGEMENT: Assets under management declined 2.6%
compared with the end of 2017.
-CAPITAL: Intesa's pro forma fully loaded common equity Tier 1
ratio, a key measure of capital strength, was 13.6% as of December,
compared with 13.7% in September.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 05, 2019 12:56 ET (17:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Intesa Sanpaolo (BIT:ISP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Intesa Sanpaolo (BIT:ISP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024