|Bid||2.3500 x 0|
|Ask||2.3800 x 0|
|Day's Range||2.3505 - 2.3925|
|52 Week Range||1.3420 - 2.3925|
|Beta (5Y Monthly)||1.84|
|PE Ratio (TTM)||13.11|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 18, 2020|
|1y Target Est||N/A|
Italy's biggest bank, Intesa Sanpaolo, is reviewing its coal mining financing policy and will this year set a target date for phasing-out funding for the sector, it said on Tuesday. In answers to shareholders posted on its website ahead of Wednesday's annual meeting, Intesa said it had limited credit exposure to the coal mining sector and would help its customers through energy transition plans under its phase-out policy. Intesa's coal policy already forbids the financing of new coal plants and mines, Intesa said in response to a question from Amundi Asset Management.
Italy's No.1 banking group Intesa Sanpaolo has acquired full ownership of domestic asset manager Pramerica SGR by buying a minority stake from Prudential Financial. The deal follows Intesa's takeover of rival UBI last year and helps it to strengthen its domestic asset management business while advancing the merger's integration process. UBI said in a statement it had finalised the purchase of a 35% stake in Pramerica SGR from Prudential, without disclosing the financial terms of the deal.
European banks have been among the worst performing sectors in 2020 due the COVID-19 pandemic and subsequent dividend bans.