1014 GMT - Fresh targets from Italian banks should be a catalyst for the sector and encourage earning-per-share upgrades, Jefferies says in a research note. Intesa Sanpaolo, BPER Banca and FinecoBank are set to update their strategic targets in the first half of 2026. Intesa's plan will likely focus on digital and costs while BPER's plan should leverage its newly-acquired position as Italy's third -largest banking group after the integration of Banca Popolare di Sondrio, analysts Marco Nicolai and Joseph Dickerson write. FinecoBank's plan is set to shed light on its potential for increasing deposit stock and brokerage revenues, areas that are underestimated by the market, they add. Beyond this trio, the country's lenders showed resilience during earnings season and the outcome of stress tests was encouraging, supporting Jefferies's constructive outlook for the sector. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
August 19, 2025 06:14 ET (10:14 GMT)
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