Intesa Sanpaolo 2Q Net Profit Rose
04 Agosto 2021 - 1:38PM
Dow Jones News
By Pietro Lombardi
Intesa Sanpaolo SpA stroke a positive tone on its profit outlook
for the year as it reported an increase in second-quarter net
profit.
The Italian bank said Wednesday that it expects a profit of at
least 4 billion euros ($4.75 billion) this year, having previously
guided for profits "well above" EUR3.5 billion.
Quarterly net profit was EUR1.51 billion compared with EUR1.42
billion a year earlier, according to figures that take into account
the inclusion of the UBI Group for the pre-acquisition period.
Operating income, the bank's main top-line figure, rose to
EUR5.18 billion from EUR4.84 billion supported by growing fees and
commissions.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
August 04, 2021 07:24 ET (11:24 GMT)
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