Intesa Sanpaolo (ISP.MI): analysis in plain words
Is Intesa Sanpaolo cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Intesa Sanpaolo (ISP.MI) is listed on Borsa Italiana in Milan and we classify it in banking. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Intesa Sanpaolo according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Intesa Sanpaolo (ISP.MI) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €6.28 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 11.0x | Price over earnings per share |
| Revenue growth | +6.4% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 37.0% | Profit for every 100 of sales |
| Net debt / EBITDA | Not meaningful (financial company) | Years of operating profit to repay debt |
| Dividend yield | 6.38% | Annual dividend over price |
| Market cap | €106.4 billion | What the stock market values it at |
The Intesa Sanpaolo figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ISP.MI figure that is not available shows as N/A: we do not estimate it.
How Intesa Sanpaolo makes money
Intesa Sanpaolo is an Italian bank that earns interest and fees. Its divisions include Banca dei Territori, the domestic retail network and its largest; IMI Corporate & Investment Banking; International Banks in Central and Eastern Europe; Private Banking (Fideuram); Asset Management (Eurizon); and Insurance.
Over the last 12 months, Intesa Sanpaolo brought in revenue of €26.1 billion. Its operating margin, what Intesa Sanpaolo keeps from every 100 of sales after running costs, is 63.9%. With 89,725 full-time employees, that is about €291,000 of revenue per employee.
Intesa Sanpaolo against its sector
To know whether a Intesa Sanpaolo figure is high or low you have to put it next to similar companies. This table compares Intesa Sanpaolo with the median of the 20 banking companies Fintols covers, with data as of November 4, 2026.
| Figure | Intesa Sanpaolo | banking median |
|---|---|---|
| P/E | 11.0x | 12.2x (20) |
| Revenue growth | +6.4% | +7.3% (20) |
| Net margin | 37.0% | 32.6% (20) |
| Dividend yield | 6.38% | 3.55% (20) |
| ROE | 14.3% | 13.1% (19) |
In short, against the typical banking company, Intesa Sanpaolo pays a higher dividend yield. By size, Intesa Sanpaolo ranks number 4 of 12 banking companies quoted in EUR on Fintols.
The bull case for Intesa Sanpaolo
What works in favour of Intesa Sanpaolo, according to its figures as of November 4, 2026:
- Intesa Sanpaolo keeps 37.0 of every 100 it sells as net profit, against 32.6 for the median banking company: a margin like that leaves money to invest, buy back shares or pay dividends.
- For income seekers, Intesa Sanpaolo pays a dividend yielding 6.38% at today's price, using 67% of its profit to fund it.
The main risk for Intesa Sanpaolo
The Intesa Sanpaolo figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: falling interest rates (which squeeze what it earns on loans) or rising bad loans if the economy weakens.
Frequently asked questions about Intesa Sanpaolo
Is it a good time to buy Intesa Sanpaolo stock?
Fintols does not tell you whether to buy or sell Intesa Sanpaolo, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Intesa Sanpaolo stock trades at €6.28, 9% below its 52-week high (€6.94) and 31% above its low (€4.81). Its P/E is 11.0x against a banking median of 12.2x, and 9.6x on the earnings analysts expect over the next 12 months. With Intesa Sanpaolo, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Intesa Sanpaolo pay a dividend?
Yes. As of November 4, 2026, Intesa Sanpaolo pays €0.38 per share a year, which at today's price is a yield of 6.38%. It uses 67% of its profit to pay it. Its average dividend yield over the last five years is 5.80%. The banking median on Fintols is 3.55%.
Is Intesa Sanpaolo stock expensive?
It depends on what you compare it with. On P/E, Intesa Sanpaolo trades at 11.0x its last 12 months of earnings: in line with the banking median (12.2x). For a financial company you also look at price to book value: 1.7x (banking median: 1.7x). A high P/E alone does not make Intesa Sanpaolo expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Intesa Sanpaolo's competitors?
On Fintols we compare Intesa Sanpaolo with CaixaBank, ING and UniCredit, which are also in banking. As of November 4, 2026, CaixaBank is worth €82.6 billion and trades on a P/E of 12.9; ING is worth €82.7 billion and trades on a P/E of 12.4; UniCredit is worth €117.3 billion and trades on a P/E of 11.2. Each has a side-by-side comparison with Intesa Sanpaolo below.
Intesa Sanpaolo competitors
- CaixaBank (CABK) analysis · Intesa Sanpaolo vs CaixaBank comparison
- ING (INGA.AS) analysis · Intesa Sanpaolo vs ING comparison
- UniCredit (UCG.MI) analysis · Intesa Sanpaolo vs UniCredit comparison
To understand Intesa Sanpaolo better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Intesa Sanpaolo: banking stocks and Euro Stoxx 50 companies. Open the full ISP.MI analysis with its valuation and scenarios. Educational content about Intesa Sanpaolo, not investment advice.