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Intesanpaolo (MIL:ISP) Cash, Cash Equivalents, Marketable Securities


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Intesanpaolo (MIL:ISP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Intesa Sanpaolo (MIL:ISP) » Definitions » Cash, Cash Equivalents, Marketable Securities
Address
Piazza San Carlo, 156, Torino, ITA, 10121
Intesa Sanpaolo is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI in 2007. Italy still accounts for by far the most of its earnings. Still, Intesa also has a growing international presence, focusing on some smaller countries in Central and Eastern Europe. Intesa has an enviable market position in the Italian savings market that it services through its private banking, asset management and life insurance operations, which accounts for around 25% of its revenue. While Intesa does have a sizable corporate banking business, it has limited exposure to securities trading and underwriting.