Oct 31, 2024 / 02:00PM GMT
Carlo Messina - Intesa Sanpaolo SpA - Chief Executive Officer, Managing Director, General Manager, Executive Director
Welcome to our nine-month results conference call. This is Carlo Messina, Chief Executive Officer; and I'm here with Luca Bocca, our CFO; Marco Delfrate and Andrea Tamagnini, Investor Relations officers. We just delivered net income of EUR7.2 billion in the first 9 months of the year, of which EUR2.4 billion in Q3. These high-quality results are marked by strong growth in commissions and insurance income. Costs are stable.
Asset quality remains top-notch, and we strongly increased the common equity ratio and customer financial assets. Our excellent results mean that for this year, we can confirm our net income guidance of above EUR8.5 billion despite significant Q4 managerial actions to strengthen future profitability. At the same time, for next year, we can increase our guidance for net income to around EUR9 billion and our capital projection to 15% pre Basel 4. Turning back to our results, earnings per share grew 20% on a yearly basis. And this year, we will reward shareholders
Q3 2024 Intesa Sanpaolo SpA Earnings Call Transcript
Oct 31, 2024
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