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Intesa Sanpaolo: Interest Rate Tailwinds Fading, But Earnings Remain Robust (Rating Downgrade)
ISNPYIntesa Sanpaolo(ISNPY) Seeking Alpha·2024-11-06 06:10

Intesa Sanpaolo ( OTCPK:ISNPY )( OTCPK:IITSF ) ("ISP" hereafter), Italy's largest bank by assets, remains on track to record another exceptional year. Not only do earnings remain incredibly robust, but the stock has continued its fine run, returning nearly 60% year-to-date (in USD terms, with dividends). This is roughly 40 pointsI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income se ...