Intesa Sanpaolo SpA (ISP.MI)
13 Nov 2018
MOSCOW/LONDON It was billed as the deal that proved Russia remained open for business.
The following factors could affect Italian markets on Wednesday.
* CEO bullish on Italy, sees 2019 GDP growth of at least 1 pct
MILAN, Nov 6 Italy's top retail bank Intesa Sanpaolo posted on Tuesday a better-than-expected third-quarter net profit and kept its core capital intact despite Italy's sovereign travails which hurt fees.
LONDON Europe's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meager returns compared with U.S. rivals, investors say.
MILAN Italian banking shares fell on Monday, with a Goldman Sachs downgrade on Italy's top retail bank Intesa SanPaolo outweighing its strong performance in European regulatory tests.
* Uncertainty grows amid worsening economy, spike in debt costs
MILAN, Nov 5 Shares in Italian banks Banco BPM and Intesa Sanpaolo both fell around 1.5 percent in early trade on Monday after the results of last week's Europe-wide stress tests of the sector.
* Italian coffee brand to grow its tea, chocolate & wine brands
MILAN Riccardo Illy, whose family owns one of Italy's most renowned coffee brands, would rather discuss the finer points of tea and cellared wine these days than the perfect espresso.