Edition:
United States

Intesa Sanpaolo SpA (ISPn.MI)

ISPn.MI on Milan Stock Exchange

2.79EUR
11:35am EDT
Change (% chg)

€0.02 (+0.65%)
Prev Close
€2.77
Open
€2.76
Day's High
€2.80
Day's Low
€2.76
Volume
4,392,784
Avg. Vol
5,814,464
52-wk High
€2.81
52-wk Low
€1.76

Latest Key Developments (Source: Significant Developments)

Intesa has no deadline for any offer on Generali - chairman
Wednesday, 15 Feb 2017 07:00am EST 

Intesa Sanpaolo chairman Gian Maria Gros-Pietro says: there has been no acceleration in the bank's plans regarding a possible tie-up with insurer Generali . bank has no deadline for a decision on any possible offer for Generali Further company coverage: [ISP.MI][GASI.MI] (Reporting by Milan Newsroom).  Full Article

Intesa Sanpaolo meets capital requirements set by ECB
Monday, 12 Dec 2016 09:04am EST 

Intesa Sanpaolo says: has received notification of the European Central Bank's final decision on capital requirements as of Jan. 1, 2017 following SREP results . Overall capital requirement for Common Equity Tier (CET) 1 ratio is 7.25 percent under the transitional arrangements for 2017 and 9.25 percent on a fully-loaded basis .at end of September bank's transitional CET 1 ratio was 12.8 pct, fully-phased 13 percent.  Full Article

Intesa CEO says overall contribution to Atlante won't exceed 1 bln euros
Friday, 4 Nov 2016 12:14pm EDT 

Intesa Sanpaolo CEO Carlo Messina tells analysts in a conference call: ready to raise overall contribution to bank bailout fund Atlante to 1 billion euros - which would mean forking out another 155 mln euros - but not more than that . considers Atlante "a good initiative" overall given that it has eliminated potential systemic risks by intervening to rescue Popolare di Vicenza and Veneto Banca, as well as to buy a portion of Monte dei Paschi's bad loans Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO: no threat to 2016 dividend from further rescue fund contributions
Friday, 4 Nov 2016 11:38am EDT 

Intesa Sanpaolo Spa CEO Carlo Messina tells analysts in a conference call: does not see any threat to dividend on 2016 accounts even if bank forced to make further contributions to resolution fund Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO expects positive outcome of SREP process
Friday, 4 Nov 2016 11:33am EDT 

Intesa Sanpaolo Chief Executive Carlo Messina tells analyst call: Expects positive outcome of SREP process, will maintain significant excess capital . Aims to have cost of risk below 80 basis points in 2017 . Has no intention of helping to fill another bank's capital shortage, will only make contributions that are mandatory Further company coverage: [ISP.MI] (Reporting by Milan Newsroom).  Full Article

Intesa Sanpaolo raised coverage of problem loans in Q3
Friday, 4 Nov 2016 10:00am EDT 

Intesa Sanpaolo says in slides on its website: Coverage of unlikely-to-pay loans rose to 26.2 percent at end-Sept (from 24.7 percent end-June) . Coverage of past-due loans rose to 19.8 percent (from 18.5 percent) over the same period Further company coverage: [ISP.MI] (Reporting by Milan Newsroom).  Full Article

UBI to buy 3 small banks only it creates value for shareholders
Monday, 3 Oct 2016 03:50am EDT 

Head of UBI supervisory board Andrea Moltrasio says: bank will buy three of the four small lenders rescued in a government-sponsored scheme last year only if deal creates value for its own shareholders . bank is not in a position to bail out other banks . confirmed CEO Victor Massiah will attend meeting with economy minister, Bank of Italy governor and CEOs of UniCredit and Intesa Sanpaolo later on Monday Further company coverage: [UBI.MI] (Reporting by Milan newsroom).  Full Article

Intesa Sanpaolo says DBRS places rating under review after similar Italy move
Thursday, 11 Aug 2016 11:59am EDT 

Intesa Sanpaolo says: DBRS rating agency has placed the bank's A (low) long-term rating under review with negative implications after similar action on the long-term rating of the Republic of Italy on August 5 Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa ceo sees no increase for bad loan coverage after Monte Paschi deal
Tuesday, 2 Aug 2016 10:05am EDT 

Intesa Sanpaolo Spa CEO Carlo Messina says: does not expect to have to raise coverage of bad loans in line with Monte Paschi's rescue deal, situation of two banks is not comparable Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO: international investors' perception of Italy is wrong
Tuesday, 2 Aug 2016 09:45am EDT 

Intesa Sanpaolo Spa CEO Carlo Messina: asked about loan loss provisions, says expects to see significant reduction in 2017 so that he can make good on a pledge to pay 4 billion euros of dividends on 2017 results . says international investors have wrong perception of Italy, the country is solid and the problems of some individual banks - Monte dei Paschi, Popolare di Vicenza and Veneto Banca - are on track to be solved Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Photo

Fund investors deflate tyremaker Pirelli's IPO price hopes

MILAN/LONDON Tyremaker Pirelli has given up on what sources say was an initial valuation goal of 9 billion euros ($11 billion) ahead of its return to Milan's stock market next month, after several fund managers baulked at paying such a lofty price.