Intesa Sanpaolo

According to an SEC filing, Intesa Sanpaolo bought about 5.66 million SpaceX shares worth roughly $966 million in Q2, making SpaceX about 33% of its US equity portfolio at quarter‑end. The purchases came shortly after SpaceX’s June 12 IPO, but the stock has since fallen significantly. At the same time, the bank cut its holding in BlackRock’s iShares Bitcoin Trust by about 94% to a remaining stake worth roughly $1.36 million, increased hedging positions and nearly tripled its holding in the iShares Staked Ethereum Trust. It did not fully exit crypto: Intesa still holds positions in other Bitcoin ETFs and remains indirectly exposed to Bitcoin through its SpaceX stake. » More on finanzen.net

Intesa Sanpaolo posted its best half-year in the company’s history in H1 2026 with net income of EUR 5.6bn and its best quarter in Q2 with EUR 2.8bn. RoE rose to 20% and RoTE to 25%, and earnings per share increased by 9%. The bank raises its net profit forecast for 2026 to above EUR 10bn and plans shareholder distributions of EUR 9.4bn (including an interim dividend of EUR 3.8bn). Lending, deposits and assets under management grew, the cost‑income ratio fell to 35.9% and asset quality remained stable; the acquisition of Monte dei Paschi di Siena is expected to deliver EUR 2.9bn of synergies and substantially increase customer volumes. » More on finanzen.net

Intesa Sanpaolo reported a roughly seven percent rise in second-quarter profit to nearly €2.8 billion, beating expectations. CEO Carlo Messina raised the profit forecast for the current year to more than €10 billion. Messina also recently announced a takeover offer for Monte Paschi of over €30 billion, which Monte Paschi deems too low and plans to counter with a merger with Banco BPM. The stock initially rose, then turned negative; market capitalization this year is just under €114 billion. » More on finanzen.net