Intesa Sanpaolo
ISP: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€4.50 | Lhrsl | Nbtlpnqpb |
Intesa: Right Bank in the Wrong Place
Business Strategy and Outlook
Intesa Sanpaolo is the best-run bank in Italy, but the weakness of the Italian banking system erodes whatever competitive advantage Intesa may have.