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← CockpitCompetitor Analysis › ISP.MI Intesa Sanpaolo S.p.A.Open in the cockpit ↗

Intesa Sanpaolo S.p.A.ISP.MICompetitor analysis, valuation and peers

Italy · EUR·Financials›Major Banks
Momentum neutral 49
Mkt cap
$120B
US dollars, full cap
Free float
79%
of shares outstanding
$/day
$304M
20-day average traded
P/B
1.81×
price to book
ROE
16.4%
delivered
Implied ROE
20.7%
what the price asks
Next earnings
84 days
29 Jan 2027
Close · EUR€6.18
1D-1.4%
1W+4.9%
1M+1.9%
3M-9.7%
6M+6.0%
YTD+4.3%
1Y+10.9%
ATR %2.4%
52w lowhigh11.0% off high

What Intesa Sanpaolo does

Employees: 100,356

Intesa Sanpaolo at a glance

Size Intesa Sanpaolo (ISP.MI) is an Italy Financials company (Major Banks) with a market value of $120B, the 2nd largest of 123 Italy companies the cockpit tracks. Shares closed at €6.18 on 6 Nov 2026.

Performance Over six months the shares gained 6.0%, against +9.6% for the median peer and +3.1% for the Italy market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 5.7% over the last twelve months (peer median +4.0%); the operating margin is 37.1% (peer median 38.3%).

Valuation It trades at 1.81× book value against a peer median of 1.70× (9th most expensive of 21).

Price implies The share price implies a return on equity of about 20.7%; Intesa Sanpaolo delivers 16.4%, so the price asks more than the business earns today.

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026Peer median 112ISP.MI 108
Six months, rebased to 100: Intesa Sanpaolo against the median of its 20 peers (local-currency closes).

Intesa Sanpaolo financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€46.1B€47.0B€52.4B€48.5B€35.2B
Revenue growth—-10%+8%+38%—
Net income€9.66B€9.32B€8.67B€7.72B€4.38B
Free cash flown/a€18.3B€11.2B€15.1B-€31.5B
Capital expendituren/a€1.65B€1.67B€1.66B€1.85B
Total debt€168B€199B€179B€219B€216B

Quarterly statements and history in the cockpit →

Intesa Sanpaolo competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+10%+20%-20%-10%0%+10%BMOCOFBNPBNSHDFCBANKUCG84113328BBVA8316O39D05USBINGAPNCWBC6000363968NABITUBISP.MI6-month return →1-month return →
Up and to the right = strong over both horizons. Intesa Sanpaolo is the large dot.

Fundamentals: return on equity against price-to-book

10%12.5%15%17.5%20%10×1.50×20×BMOCOFBNPBNSHDFCBANKUCG84113328BBVA8316O39D05USBINGAWBC6000363968NABITUBISP.MIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Intesa Sanpaolo is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%20%25%10%20%BMOCOFBNPBNSHDFCBANKUCG84113328BBVA8316O39D05WBC6000363968NABITUBISP.MIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Intesa Sanpaolo is the large dot.

Intesa Sanpaolo competitors and peer comparison

How Intesa Sanpaolo compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Intesa Sanpaolo against its 20 peers (data as of 6 Nov 2026)
MeasureISP.MIPeer medianRank in peer set
1-month return+1.9%+2.9%8th lowest of 21
6-month return+6.0%+9.6%6th lowest of 21
Return on equity16.4%12.9%4th highest of 21
Price / book1.81×1.70×9th most expensive of 21
Trailing P/E11.2×12.2×6th cheapest of 20
ROE the price implies20.7%13.6%5th most demanding of 21
ROE delivered16.4%12.9%4th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Intesa Sanpaolo ISP.MIItaly$120B+6%-6%16%1.81×20.7%16.4%
Bank of Montreal BMO.TOCanada$120B+16%-2%11%2.14×16.4%10.6%
Capital One COFUnited States$121B+7%+26%9%1.11×11.1%9.3%
BNP Paribas BNP.PAFrance$114B0%+8%11%0.84×10.4%10.9%
Bank of Nova Scotia BNS.TOCanada$114B+21%-3%12%1.99×16.3%11.6%
HDFC Bank HDFCBANK.NSIndia$129B-1%+5%14%2.00×24.8%13.9%
UniCredit UCG.MIItaly$130B+6%+2%17%1.77×25.8%17.3%
Mizuho Financial 8411.TJapan$110B+7%+6%13%1.52×11.5%12.5%
Bank of Communications 3328.HKHong Kong$107B+19%+3%8%0.55×4.8%8.3%
Banco Bilbao Vizcaya Argentaria BBVA.MCSpain$140B+20%+9%20%2.15×24.8%19.6%
Sumitomo Mitsui Financial 8316.TJapan$145B+35%+11%11%1.42×10.0%11.2%
Oversea-Chinese Banking O39.SISingapore$97.6B+23%-3%13%2.02×14.9%13.2%
DBS D05.SISingapore$155B+19%-5%16%2.83×21.4%16.3%
U.S. Bancorp USBUnited States$92.6B+8%+1%13%1.55×13.9%12.8%
ING Groep INGA.ASNetherlands$89.8B+11%+7%14%1.63×12.5%13.6%
PNC Financial Services PNCUnited States$89.4B+4%+8%13%1.59×13.2%12.9%
Westpac Banking WBC.AXAustralia$87.6B+4%+2%9%1.78×16.4%9.5%
China Merchants Bank 600036.SSChina$164B+12%+9%14%0.94×5.4%13.6%
Cm Bank 3968.HKHong Kong$165B+16%+3%13%0.99×10.2%13.3%
National Australia Bank NAB.AXAustralia$86.2B+9%-8%10%2.02×20.2%10.0%
Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUBUnited States$84.9B-12%+8%22%1.84×11.8%21.7%

Questions

Which companies are Intesa Sanpaolo's closest peers?
The cockpit's peer set: Bank of Montreal (BMO.TO), Capital One (COF), BNP Paribas (BNP.PA), Bank of Nova Scotia (BNS.TO), HDFC Bank (HDFCBANK.NS), UniCredit (UCG.MI), Mizuho Financial (8411.T), Bank of Communications (3328.HK).
Is Intesa Sanpaolo expensive compared with its peers?
On price / book it trades at 1.81× against a peer median of 1.70×, 9th most expensive of 21 in its peer set. The share price implies a return on equity of about 20.7%; Intesa Sanpaolo delivers 16.4%, so the price asks more than the business earns today.
How has Intesa Sanpaolo stock performed?
Over six months to 6 Nov 2026 the shares returned +6.0% against +9.6% for the median peer; over one year +10.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.