Street Calls of the Week
Investing.com - JPMorgan raised its price target on Intesa Sanpaolo SpA (BIT:ISP) (OTC:ISNPY) to EUR6.50 from EUR6.00 while maintaining an Overweight rating.
The Italian banking group offers one of the highest total yields at approximately 10.4% on average over 2025-27, according to JPMorgan’s analysis.
The firm highlighted Intesa Sanpaolo’s leading return on tangible equity (ROTE), projected at 25.1% in 2027, even with European Central Bank rates normalizing at 1.75%.
JPMorgan noted the stock trades at 8.2x price-to-earnings for 2027, which it described as "undemanding" given the bank’s performance metrics.
The research firm also pointed to Intesa Sanpaolo’s leading market shares in the Italian asset-gathering sector, which generates higher-than-average non-interest income revenues, contributing to more resilient revenues and sustainable profits.
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