Key Points
MILAN, Nov 3 (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) on Friday improved its profit goal for the year after rising interest rates drove third-quarter income above expectations...
Italian lenders have steadily exceeded profit forecasts in recent quarters, hiking as a consequence their annual targets, as deposit costs have continued to markedly lag higher lending rates, driving their net interest income (NII) sharply up...
Intesa posted a net profit of 1.90 billion euros in the three months through September, above a 1.77 billion euro LSEG estimate...
Intesa, which has one of the highest dividend yields among European banks and returns 70% of profits as cash to shareholders, said it would pay in November an interim dividend of 2.6 billion euros...
After coming under fire by politicians and competition authorities in recent weeks for shifting thousands of clients to its new mobile-only service Isybank, Intesa said investments in technology would add 500 million euros to its 2025 gross income...
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