Intesa Sanpaolo (OTCMKTS:ISNPY) Announces Quarterly Earnings Results, Beats Expectations By $997.92 EPS

Intesa Sanpaolo (OTCMKTS:ISNPY) issued its quarterly earnings data on Friday. The financial services provider reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $997.92, Zacks reports. Intesa Sanpaolo had a net margin of 23.71% and a return on equity of 13.48%.

Intesa Sanpaolo Stock Down 0.1%

Shares of OTCMKTS ISNPY traded down $0.06 during midday trading on Friday, reaching $41.25. 139,347 shares of the company were exchanged, compared to its average volume of 466,697. The stock’s 50-day moving average price is $38.33 and its 200-day moving average price is $39.84. The stock has a market cap of $119.72 billion, a P/E ratio of 11.62, a PEG ratio of 1.19 and a beta of 0.80. Intesa Sanpaolo has a one year low of $32.16 and a one year high of $43.62.

Analyst Ratings Changes

Several equities research analysts have issued reports on ISNPY shares. Citigroup restated a “buy” rating on shares of Intesa Sanpaolo in a research report on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a report on Thursday, April 16th. Kepler Capital Markets raised shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Intesa Sanpaolo in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.