|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.7922 - 2.7922|
|52-week range||1.6300 - 3.1000|
|Beta (5Y monthly)||1.74|
|PE ratio (TTM)||12.25|
|Forward dividend & yield||0.09 (3.05%)|
|Ex-dividend date||18 Oct 2021|
|1y target est||N/A|
MILAN (Reuters) -Italy's top bank Intesa Sanpaolo raised its full-year profit estimate after stronger-than-forecast second-quarter earnings, and said it planned to return 3.3 billion euros ($3.9 billion) to shareholders later this year. Intesa, which last year secured a fifth of Italy's banking market by taking over rival UBI, has along with other lenders across Europe reported shrinking charges against loan losses and rebounding net fees as the coronavirus crisis eases. With COVID-related payout curbs due to end on Sept. 30, Intesa said it would distribute cash reserves of 1.9 billion euros from 2020 results, after paying 694 million euros in dividends in May.
Italy's biggest bank Intesa Sanpaolo on Tuesday said it would end with immediate effect the financing of coal mining with a view to phasing out exposure to the sector by 2025. Intesa joins peers in heeding growing calls from investors to strengthen their environmental policies. Answering questions from shareholders ahead of its annual general meeting, Intesa in April said it was reviewing its coal financing policy and would set new goals by the end of the year.
Italy's biggest bank, Intesa Sanpaolo, is reviewing its coal mining financing policy and will this year set a target date for phasing-out funding for the sector, it said on Tuesday. In answers to shareholders posted on its website ahead of Wednesday's annual meeting, Intesa said it had limited credit exposure to the coal mining sector and would help its customers through energy transition plans under its phase-out policy. Intesa's coal policy already forbids the financing of new coal plants and mines, Intesa said in response to a question from Amundi Asset Management.