Intesa Lifts Full-Year Profit Outlook Ahead of Planned MPS Bid

Intesa Sanpaolo announced its financial results for the first nine months of 2026, reporting a net income of 8.2 billion euros, an 8.1% increase compared to the previous year. For the third quarter alone, the bank achieved a net income of 2.65 billion euros, surpassing the 2.5 billion euro consensus estimate. Operating income for the nine-month period rose 5% to 21.5 billion euros, supported by net interest income of 11.4 billion euros and net commissions of 7.7 billion euros. Driven by these results, the company improved its full-year 2026 guidance, now expecting net profit to be 'well above' 10 billion euros. The bank also reported a strong capital position with a CET 1 ratio of 13.1%.