Intesa Sanpaolo's 1Q Net Profit Rises by 12%
May 05 2017 - 6:52AM
Dow Jones News
By Giovanni Legorano
ROME--Intesa Sanpaolo SpA said Friday its first-quarter net
profit rose by 12% on the year before, mainly reflecting higher
fees and commissions that offset declining revenue from lending and
insurance.
The Italian bank's net profit for the quarter stood at 901
million euros ($984 million), compared with EUR806 million for the
same quarter of 2016.
Revenue increased by 1% to EUR4.21 billion.
Write to Giovanni Legorano at giovanni.legorano@wsj.com
(END) Dow Jones Newswires
May 05, 2017 07:37 ET (11:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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