Intesa Sanpaolo stock fell 0.78 percent as MPS bid rose

Published on 10/04/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Intesa Sanpaolo stock was last at EUR 6.33 on October 2, 2026, after the bank lifted its MPS cash offer to EUR 1.25 per share. First-half net income reached EUR 5.6 billion.

Makro-Fotografie gestapelter Euro-Münzen auf Banknoten mit warmem Bokeh-Hintergrund — Intesa Sanpaolo IT0000072618 – Makro-Aufnahme von gestapelten Euro-Münzen und Banknoten mit warmem Bokeh-Hintergrund, Illustration mit AI erstellt.

Intesa Sanpaolo stock fell 0.78 percent to EUR 6.33 on Borsa Italiana on October 2, 2026 at 5:39 p.m. CEST, while the bank increased its cash offer for Monte dei Paschi di Siena to EUR 1.25 per share. Reuters reported the change on October 3, 2026, adding that Intesa is offering 1.6 newly issued shares for each MPS share.

Cash sweetens the MPS offer

The revised offer adds EUR 0.25 per MPS share to the earlier EUR 1 cash component and brings the total transaction value to EUR 34 billion, according to Reuters. The additional cash is conditional on MPS shareholders rejecting the competing strategy proposed by Chief Executive Luigi Lovaglio.

Intesa said it could allow its offer to lapse if MPS shareholders approve either of two proposed transactions involving Banco BPM and Banca Generali at the October 29, 2026 vote. The condition gives the shareholder meeting a direct role in determining whether the takeover proceeds.

Profit growth supports the strategy

For the first half of 2026, Intesa reported net income of EUR 5.6 billion, up 6 percent from EUR 5.2 billion in the first half of 2025. The figure came from the companys first-half earnings presentation carried by Yahoo Finance, which also reported EUR 2.8 billion of second-quarter net income and a 13.1 percent common equity tier one ratio.

Management upgraded 2026 net income guidance to more than EUR 10 billion and expects EUR 9.4 billion of shareholder distributions through dividends and buybacks. The earnings profile therefore provides the financial backdrop for a transaction that adds execution and shareholder-vote risk.

Analysts see further upside

Jefferies raised its price target from EUR 7.80 to EUR 8.00 and maintained a Buy rating on September 30, 2026, according to finanzen.ch. The analyst cited expectations for resilient third-quarter net interest income while noting that fees could decline seasonally.

A separate MarketScreener consensus on September 22, 2026 showed a Buy rating from 13 analysts, an average target of EUR 7.271, a high of EUR 7.800 and a low of EUR 6.070. The average target stood 7.24 percent above the quoted reference price of EUR 6.780 in that consensus page.

Stock remains below yearly high

Intesa Sanpaolo stock was last at EUR 6.33 on October 2, 2026, with a session high of EUR 6.44, a session low of EUR 6.26 and volume of 93,962,729 shares. Its 52-week range was EUR 4.81 to EUR 6.94, while market capitalization stood at EUR 111.7 billion.