|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.23 - 13.31|
|52 Week Range||9.36 - 20.22|
|Beta (5Y Monthly)||1.47|
|PE Ratio (TTM)||12.36|
|Forward Dividend & Yield||1.45 (11.07%)|
|Ex-Dividend Date||Nov 21, 2022|
|1y Target Est||18.87|
Italy's biggest bank Intesa Sanpaolo has agreed with unions a further 500-euro ($513.45) one-off payment to help staff cope with soaring inflation, the sector's largest union FABI said on Tuesday. Intesa had announced with first half earnings a previous 500 euro one-time payment for its employees. The contributions concern 70,000 workers in Italy excluding executives, Intesa said, adding that the two payments would cost the bank around 87 million euros.
Italy's biggest lender Intesa Sanpaolo on Tuesday said it had sold its entire 5.1% stake in Nexi, its long-term retailers' payments partner, for 584 million euros ($606 million). The sale of the holding, carried out overnight at a 10.86% discount to Monday's closing price as it is customary in such transactions, pushed Nexi shares sharply lower. Intesa took advantage of last week's rally in the shares triggered by Nexi's better than expected quarterly results reported on the same day that U.S. inflation data buoyed global markets.
MILAN (Reuters) -Italy's Intesa Sanpaolo said on Monday it was selling its entire 5.1% stake in Nexi, in an effort to cash in on a recent rally in shares of the payments group. Intesa agreed to a 25-year partnership as part of the Italian bank's 2020 sale of its retailers' payments business to Nexi. Intesa said in a statement that the sale of the stake would have no impact on its strategic partnership with Nexi.