Intesa Sanpaolo (OTCPK:IITSF)
$ 4.14 0.289 (7.5%) Market Cap: 71.53 Bil Enterprise Value: 128.76 Bil PE Ratio: 7.75 PB Ratio: 1.10 GF Score: 67/100
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Q2 2024 Intesa Sanpaolo SpA Earnings Call Transcript

Jul 30, 2024 / 01:00PM GMT
Release Date Price: $4.08 (+4.41%)
Operator

Good afternoon, ladies and gentlemen, and welcome to the conference call of Intesa Sanpaolo for the presentation of the first half 2024 results, hosted today by Mr. Carlo Messina, Chief Executive Officer. My name is Sandra, and I will be your coordinator for today's conference. (Operator Instructions) I remind you that today's conference is being recorded. At this time, I would like to hand the call over to Mr. Carlo Messina, CEO. Sir, you may begin.

Carlo Messina
Intesa Sanpaolo SpA - Chief Executive Officer, Managing Director, General Manager, Executive Director

Welcome to our first half results conference call. This is Carlo Messina, Chief Executive Officer; and I'm here with Luca Bocca, our CFO; and Marco Delfrate and Andrea Tamagnini, Investor Relations Officers. We just delivered net income of EUR4.8 billion in the first half of the year, of which EUR2.5 billion in Q2. These were the best six months of the past 17 years and the best ever Q2. These are high quality results.

Reflecting a strong acceleration in commissions and insurance income and

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