0735 GMT - Intesa Sanpaolo reiterated its profit outlook for the year, which is encouraging as the Italian bank expects improved lending and a strong recovery in the second half of the year, BNP Paribas Exane says in a research note. "We continue to believe in the bank's ability to generate additional organic volumes and revenues as peers shift focus to inorganic transactions, albeit this will materialise later in the year," analysts Ignacio Ulargui and Cyril Toutounji write. In the first-quarter print, they highlight the lender's costs and capital results, which beat expectations. Shares are down 0.65% at 4.73 euros and up 22.5% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 03:35 ET (07:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.