Intesa Sanpaolo stock gained 1.55 percent as MPS bid advanced

Published on 10/05/2026 at 19:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Intesa Sanpaolo stock gained 1.55 percent on October 5 as its EUR 35 billion MPS offer won backing. First-half net income rose 6 percent year over year.

Architektur-Render eines modernen Glasturm-Hochhauses im Finanzviertel von Turin — Intesa Sanpaolo IT0000072618 – Architektur-Render eines modernen gläsernen Hochhauses im Finanzviertel von Turin, Illustration mit AI erstellt.

Intesa Sanpaolo (ISIN IT0000072618) stock was last at EUR 6.43 on Borsa Italiana on October 5, 2026 at 5:39 p.m. CEST, up 1.55 percent from the prior close. The move came as the bank's EUR 35 billion offer for Monte dei Paschi di Siena gained support from the target's largest shareholder.

MPS bid gains investor backing

As Euronext reported on October 5, Delfin committed to tendering its 17.6 percent stake in MPS under Intesa Sanpaolo's improved offer. The bank had added EUR 800 million in cash, lifting the cash component by 25 percent while increasing the overall offer value by 2.3 percent based on the prior Friday's closing price.

The revised terms offer MPS shareholders EUR 1.25 in cash plus 1.6 newly issued Intesa Sanpaolo shares for each MPS share tendered, according to Yahoo Finance on October 5. The decisive checkpoint is an October 29 shareholder vote, because Intesa has said it could withdraw the offer if MPS approves its alternative acquisition plan.

Half-year profit sets benchmark

Intesa's earnings provide the financial base for the transaction. The first-half 2026 results showed net income of EUR 5.6 billion, up 6 percent year over year, while second-quarter net income reached EUR 2.8 billion, up 7 percent year over year, according to Yahoo Finance.

Management also upgraded 2026 net income guidance to more than EUR 10 billion. That comparison matters for the MPS case: the offer is a capital-intensive strategic expansion, while the latest reported earnings show a bank generating billions in profit before the proposed combination is completed.

Consensus remains above the price

A September 22 consensus compiled by MarketScreener showed a Buy rating from 13 analysts, an average target of EUR 7.271, a high target of EUR 7.800 and a low target of EUR 6.070. Against the EUR 6.43 market price on October 5, the average target lies 13.1 percent above the price.

Jefferies raised its target from EUR 7.80 to EUR 8.00 while keeping a Buy rating on September 30, according to Finanzen. The target revisions point to earnings and deal execution as the two figures most likely to shape the next valuation debate.

Stock gains near yearly high

Intesa Sanpaolo stock was last at EUR 6.43 on Borsa Italiana on October 5, 2026, with a session low of EUR 6.29 and a session high of EUR 6.43. Its 52-week range was EUR 4.81 to EUR 6.94, placing the latest price 7.4 percent below the yearly high, while market capitalization stood at EUR 113.5 billion.