Following the stock’s sharp underperformance translating into a stressed valuation, we have decided to reassess our forecasts and valuations. There is little doubt that the market turmoil will have immediate consequences in terms of revenue generation. On the other, it is not guaranteed in our view that asset quality trends have to be questioned. We see as very likely that the pending solutions to backstop troubled regional banks and BMPS will not repeat the mistake made with the Atlas
08 Jul 2016
Waiting for troubled banks' bailout
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Waiting for troubled banks' bailout
Intesa Sanpaolo S.p.A. (ISP:WBO) | 0 0 1.0% | Mkt Cap: 52,671m
- Published:
08 Jul 2016 -
Author:
David Grinsztajn -
Pages:
2
Following the stock’s sharp underperformance translating into a stressed valuation, we have decided to reassess our forecasts and valuations. There is little doubt that the market turmoil will have immediate consequences in terms of revenue generation. On the other, it is not guaranteed in our view that asset quality trends have to be questioned. We see as very likely that the pending solutions to backstop troubled regional banks and BMPS will not repeat the mistake made with the Atlas