Intesa Sanpaolo Reports Record Nine-Month Net Profit, Raises 2026 Outlook
Intesa Sanpaolo reported record net profit for nine months and raised its 2026 net profit forecast to well above the stated threshold.
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12:36:58 PM UTC
SquawkNews
By Michael HennesseyIntesa Sanpaolo raised its 2026 net profit outlook, citing higher revenue and stable costs, as the Italian bank prepares to buy smaller rival Banca Monte dei Paschi di Siena.The lender on Tuesday said it now expects net profit for 2026 to be "well above" 10 billion euros ($11.19…