Intesa Sanpaolo: Q4 exceeds expectations

(CercleFinance.com) - Going against the trend in Milan, the Intesa Sanpaolo stock is up 1.
3% thanks to the Italian bank's presentation of earnings exceeding 1.4 billion euros over the last three months of 2017, while analysts were expecting around 1.1 billion euros.

Over the whole of the past year, the bank reported earnings of 7.3 billion euros (3.8 billion euros excluding public contributions intended to offset the impact on capital ratios of the acquisitions of Banca Populare di Vicenza and Veneto Banca.

The financial institution also boasts a strong solvency position that is beyond regulatory requirements, with a fully loaded common tier 1 (CET1) ratio of 14%, excluding the proposed dividend.


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