0743 GMT - Intesa Sanpaolo's fourth-quarter results and new business plan for the period through 2029 look good and exceed expectations, Keefe, Bruyette & Woods's Hugo Cruz and Ben Maher say in a research note. The Italian bank set new targets for 2029 that seem very strong, the analysts say. Intesa aims to make a net profit of more than 11.5 billion euros in 2029, ahead of consensus expectations of 11.4 billion euros but mainly due to loan-loss provisions, according to KBW. Moreover, it plans cumulative capital returns of around 50 billion euros. Intesa's shares have underperformed the Euro Stoxx Banks index by 3% over the last month, but its latest numbers are attractive, the analysts say. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 02:44 ET (07:44 GMT)
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