Opinions
Mark Grammer
Intesa Sanpaolo
ISP-BIT
PAST TOP PICK
Apr 20, 2017
N/A
Stock price when the opinion was issued
Financial Services
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
Italian banks have been the most hated sector in Europe, if not globally. Thinks we are almost at the end of this whole capital issue. This one will benefit from the steepening yield curve. They have the strongest capital position of any Italian bank. He is pretty sure this is going to have to be nationalized one way or another. Once that happens, it gets that problem behind it. They have 350 basis points of excess capital, even ready for Basil IV. A very sustainable dividend yield of 5.8%. (Analysts’ price target is €2.61.)
Financial Services
(Top Pick Dec 16/16, Up 3%) It is one of the gems of the banking world in Europe. People assume the prospects and capital are weak, but they are not. He expects the high dividend yield to grow. It should see a slight boost to growth and loans. Non-performing loans are starting to go down.