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Intesa Sanpaolo (ISNPY)
OTHER OTC:ISNPY
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.56Last Year’s EPS
0.51Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 3.14%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record net income, robust dividend plans, significant technological investments, and a positive outlook for 2025. However, challenges such as the decline in net interest income and insurance income were acknowledged.Company Guidance
During the Q3 2024 earnings call for Intesa Sanpaolo, CEO Carlo Messina provided a comprehensive overview of the company's financial health and strategic direction. The firm reported a net income of EUR 7.2 billion for the first nine months, with EUR 2.4 billion earned in Q3 alone. Messina reaffirmed the year's net income guidance of over EUR 8.5 billion, despite planned managerial actions to bolster future profitability. For 2025, the net income guidance is raised to approximately EUR 9 billion, alongside a capital projection of 15% pre-Basel 4. Highlights included a 20% year-over-year increase in earnings per share and a commitment to a total shareholder distribution of EUR 7.5 billion, with a 10% dividend yield. The company plans to execute significant cost-saving measures, including 9,000 workforce exits over three years, saving around EUR 500 million, while continuing to invest EUR 3.5 billion in technology, with 55% of applications now cloud-based. Additionally, the common equity ratio improved to 13.9%, and customer financial assets rose by EUR 135 billion. The firm emphasized its capability to outperform in various economic conditions, leveraging its strong hedging strategy and a robust wealth management model.Record Net Income and Strong Growth
Intesa Sanpaolo delivered a net income of EUR 7.2 billion in the first 9 months of the year, with EUR 2.4 billion in Q3. Earnings per share grew 20% year-over-year.
Robust Dividend and Buyback Potential
The company plans to reward shareholders with a total distribution of EUR 7.5 billion, including a EUR 3 billion interim dividend. The dividend yield is 10%, and there is significant room for buybacks.
Technological Investments and Workforce Efficiency
Invested EUR 3.5 billion in technology with plans to deploy another EUR 1.5 billion. 55% of applications are cloud-based. A generational change in workforce with 9,000 exits planned in 3 years, resulting in EUR 500 million savings.
Strong Asset Quality and Capital Position
Common equity Tier 1 ratio increased to 13.9%. NPL ratios at historical lows with a gross NPL stock down EUR 900 million.
Positive Outlook for 2025
Guidance for net income increased to around EUR 9 billion for 2025, with a focus on growing revenues and reducing costs.
Significant Increase in Customer Financial Assets
Customer financial assets were up EUR 135 billion year-on-year, with an increase of EUR 25 billion in Q3.
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ISNPY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ISNPY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $24.83 | $24.76 | -0.28% |
| Jul 30, 2024 | $22.98 | $23.77 | +3.44% |
| May 03, 2024 | $21.49 | $20.97 | -2.42% |
| Feb 06, 2024 | $17.29 | $17.54 | +1.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intesa Sanpaolo (ISNPY) report earnings?
Intesa Sanpaolo (ISNPY) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Intesa Sanpaolo (ISNPY) earnings time?
Intesa Sanpaolo (ISNPY) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ISNPY EPS forecast?
ISNPY EPS forecast for the fiscal quarter 2024 (Q4) is 0.56.
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