|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||10.79 - 11.15|
|52-week range||10.79 - 20.22|
|Beta (5Y monthly)||1.66|
|PE ratio (TTM)||34.97|
|Forward dividend & yield||1.96 (16.10%)|
|Ex-dividend date||23 May 2022|
|1y target est||N/A|
Italy's state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of non-performing leasing credits with a gross value of around 1.4 billion euros ($1.46 billion). AMCO added it had signed another contract with Intesa to buy a portfolio of single-name unlikely-to-pay loans with a gross value of 120 million euros.
MILAN (Reuters) -Shares in Intesa Sanpaolo rose on Monday after Italy's biggest bank said late on Friday it had received supervisory clearance from the European Central Bank (ECB) to buy back its own shares for up to 3.4 billion euros ($3.6 billion). Kepler Cheuvreux said the ECB's green light on the buyback's full amount was positive because it meant the ECB considered a 100 basis point hit on the bank's capital ratios "manageable". Intesa said on Friday it would immediately carry out half of the proposed share buyback and take a decision on the remaining 1.7 billion euros by the time it publishes full-year results in February 2023.
Intesa had announced a 3.4 billion euro share buyback programme in February this year, as it expects to return more than 22 billion euros to investors by 2025. Intesa said the trimmed buyback programme will be launched in early July and expected to complete it by end-October. The decision on the remaining amount will be taken next year after the company's 2022 results are approved, Intesa added.