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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo Spa | BIT:ISP | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.112 | -3.13% | 3.462 | 3.4595 | 3.4645 | 3.597 | 3.437 | 3.59 | 167,779,882 | 17:00:00 |
From May 2019 to May 2024
By Pietro Lombardi
Intesa Sanpaolo SpA's (ISP.MI) third-quarter net profit rose 28% on year, it said Tuesday, beating analysts expectations.
Net profit for the period was 833 million euros ($949 million) compared with EUR650 million a year earlier.
Operating income rose slightly on year to EUR4.27 billion.
Analysts had expected the Italian bank to report a net profit of EUR787 million for the quarter, according to a consensus forecast provided by FactSet.
Shares in Intesa and other Italian banks have been under pressure recently, as concerns over the country's budget have driven up the BTP-Bund spread.
Intesa's pro-forma fully-loaded common equity Tier 1 ratio, a key measure of capital strength, rose to 13.7% at the end of September from 13.6% in June.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 06, 2018 07:35 ET (12:35 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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