0740 GMT - Investors may consider Intesa Sanpaolo's income mix, with higher trading revenue offsetting softer net interest income, as low quality, Autonomous Research says in a research note. Yet, this mix acts as a stabilizer that helps the Italian bank manage a more predictable bottom line, setting the stage for consistent payouts and capital generation, analyst Britta Schmidt writes. "We are not surprised to see management emphasize the sustainability of results and flag an expected recovery in [net interest income] from 2Q25," she writes, noting the muted share price reaction to the better-than-expected 1Q net profit. Shares slip 0.6% to 4.73 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 03:40 ET (07:40 GMT)
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