Investing.com – The shares of Intesa Sanpaolo (BIT:) I’m in the spotlight on the after that Morningstar DBRS has affirmed all of the bank’s credit ratings. The American agency rates the long-term senior preferred (unsecured) as “BBB (high)”, the short-term as “R-1 (low)” and the trend on all ratings is “Stable”.
According to experts, the institute led by CEO Carlo Messina plays a key role leader in the commercial and retail banking sector in Italy, thanks to a diversified business model and a solid income profile. Additionally, Morningstar DBRS considers the bank’s strong funding profile, strong capital position and profitability, resulting from a combination of solid operational efficiency, low cost of risk and strong revenue growth in a higher interest rate environment that has increased the net interest margin in 2023 and in the first quarter of 2024.
The bank has the capabilities to withstand future risks
And even if net interest income normalizes in the future due to lower interest rates, Morningastar DBRS expects Intesa Sanpaolo’s revenues should still be supported by commissions. In addition, thehigh degree of business diversificationfor experts provides the Bank with the necessary flexibility to absorb a potential deterioration in the cost of risk which could materialize in the current environment, with inflation and higher interest rates potentially impacting borrowers.
ISP stock is undervalued
In short, all top-of-the-class features. However, analyzing the stock with InvestingPro, we notice how ISP shares are undervalued on the stock market.
The Fair Value of InvestingProcalculated on the basis of 5 recognized investment models and adapted to the characteristics of Intesa Sanpaolo, tells us how the intrinsic value of the shares is equal to 4.15 euros, or 18.6% more compared to the current price (3.50 euros).
But even the 20 analysts interviewed by InvestingPro agree on the possibilities of an increase in Intesa Sanpaolo, setting the target price at 4.05 euros per share.
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Responsibility
This article was written for informational purposes only; it does not constitute a solicitation, offer, advice, consultancy or investment recommendation as such it is not intended to encourage the purchase of assets in any way. I remember that any type of asset is evaluated from multiple points of view and is highly risky and therefore, every investment decision and the related risk remains the responsibility of the investor.
