Home » Super dividends and first fruits of the purchase of UBI, for Citi the Intesa Sanpaolo stock is a convinced buy

Super dividends and first fruits of the purchase of UBI, for Citi the Intesa Sanpaolo stock is a convinced buy

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A colorless day in Piazza Affari for Intesa Sanpaolo (-1.63% to € 2.263) which follows the weakness of the entire banking sector. The stock did not thus take the assist arrived from Citigroup analysts who say buy on the stock, indicating a target price of 2.8 euros. The target price implies an upside margin for the stock of approximately + 20% compared to current levels. The American bank also expects a dividend yield for Intesa Sanpaolo starting from the fourth quarter of 2021 of approximately 8.5%, for a combined value of 7.8 billion coupons in the years between 2020 and 2022. The payout is estimated more than 70% from 2022 onwards. Citi does not fail to underline the advantages of the merger with UBI Banca, which will emerge in the coming months and will support the group led by Carlo Messina in the event of a deterioration in the quality of assets (in the event of an increase in NPLs). .

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