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    Citi resumes Intesa Sanpaolo at 'buy' on MPS bid upside

    Picture of Banca Monte dei Paschi di Siena SpA logoBanca Monte dei Paschi di Siena SpA
    06/11/2026 08:00
    BUZZ-Citi resumes Intesa Sanpaolo at 'buy' on MPS bid upside
    ** Citigroup resumes coverage of Italy's Intesa Sanpaolo ISP.MI with a "buy" rating, calculating significant added value in case Monte dei Paschi's BMPS.MI bid is successful
    ** "The transaction has compelling strategic logic, and combined 2029 net income targets appear feasible," Citi says
    ** It however sees high execution risk on planned synergies and EPS accretion slightly below Intesa's target
    ** The brokerage deems the consensus for net interest income (NII) "too low," and expects Italy's biggest bank to surpass its 2026-to-2029 targets for the figure
    ** Citigroup's PT of €7.18 compares with Thursday's close price of around €6.27 per share
    ** Out of 19 analysts that cover Intesa Sanpaolo, 16 rate the stock "strong buy" or "buy," ​2 rate "hold" and 1 rates the stock "sell," according to LSEG data

    (Reporting by Mirko Mioreli)
    ((Mirko.Mioreli@thomsonreuters.com))

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