0719 GMT - Intesa Sanpaolo posted another reassuring performance in terms of operations and solvency, confirming its strength, ODDO BHF says in a research note. The Italian bank reiterated its profit guidance for the year after posting first-quarter results. "We remain convinced of the group's win-win profile in the interest rate transition phase thanks to its diversified business model," analysts Steven Gould and Benoit Valleaux write. Intesa's valuation remains attractive given the quality of its fundamentals and returns prospects despite the stock's good run, they add. Shares edge down 0.3% to 4.75 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 03:20 ET (07:20 GMT)
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