Italian Banks Should Benefit From Low Provisions -- Market Talk

Dow Jones

2025/05/06

1256 GMT - Intesa Sanpaolo's first-quarter beat, with provisions 27% lower than expected, bodes well for the results of Italian banks this week, J.P. Morgan says in a research note. The lender, which is the country's largest by market capitalization, beat consensus on profit and confirmed its guidance for the year with income from interest expected to be softer while fees and commissions should keep on growing. "Other Italian banks should also benefit from low provisions as well, with no significant surprise on the top line," analysts write. Intesa's strong cost control should lead to low single-digit consensus earnings-per-share upgrades, they add. Shares are down 1.3%. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

May 06, 2025 08:56 ET (12:56 GMT)

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Morgan says in a research note. The lender, which is the country's largest by market capitalization, beat consensus on profit and confirmed its guidance for the year with income from interest expected to be softer while fees and commissions should keep on growing. \"Other Italian banks should also benefit from low provisions as well, with no significant surprise on the top line,\" analysts write. Intesa's strong cost control should lead to low single-digit consensus earnings-per-share upgrades, they add. Shares are down 1.3%. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2025 08:56 ET (12:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian Banks Should Benefit From Low Provisions -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian Banks Should Benefit From Low Provisions -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-06 20:56</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1256 GMT - Intesa Sanpaolo's first-quarter beat, with provisions 27% lower than expected, bodes well for the results of Italian banks this week, J.P. Morgan says in a research note. The lender, which is the country's largest by market capitalization, beat consensus on profit and confirmed its guidance for the year with income from interest expected to be softer while fees and commissions should keep on growing. \"Other Italian banks should also benefit from low provisions as well, with no significant surprise on the top line,\" analysts write. Intesa's strong cost control should lead to low single-digit consensus earnings-per-share upgrades, they add. Shares are down 1.3%. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2025 08:56 ET (12:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ISNPY","symbol_name":"Intesa Sanpaolo S.p.A.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533635292","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533635292","pubTimestamp":1746536160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1256 GMT - Intesa Sanpaolo's first-quarter beat, with provisions 27% lower than expected, bodes well for the results of Italian banks this week, J.P. Morgan says in a research note. The lender, which is the country's largest by market capitalization, beat consensus on profit and confirmed its guidance for the year with income from interest expected to be softer while fees and commissions should keep on growing. \"Other Italian banks should also benefit from low provisions as well, with no significant surprise on the top line,\" analysts write. Intesa's strong cost control should lead to low single-digit consensus earnings-per-share upgrades, they add. Shares are down 1.3%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ISNPY":"Intesa Sanpaolo S.p.A.","BK4207":"综合性银行"},"translate_title":"意大利银行应受益于低拨备——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISNPY":0.9},"content_text":"1256 GMT - Intesa Sanpaolo's first-quarter beat, with provisions 27% lower than expected, bodes well for the results of Italian banks this week, J.P. Morgan says in a research note. The lender, which is the country's largest by market capitalization, beat consensus on profit and confirmed its guidance for the year with income from interest expected to be softer while fees and commissions should keep on growing. \"Other Italian banks should also benefit from low provisions as well, with no significant surprise on the top line,\" analysts write. Intesa's strong cost control should lead to low single-digit consensus earnings-per-share upgrades, they add. Shares are down 1.3%. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 06, 2025 08:56 ET (12:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}