Intesa Sanpaolo Q1 profit beats forecast, confirms dividend policy

May 11, 2015 11:20 AM

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MILAN May 11 Italy's biggest retail bank, Intesa Sanpaolo, beat analyst forecasts with its first-quarter net profit and confirmed a generous dividend payout target of 2 billion euros for this year.

Intesa said its net profit for the period stood at 1.064 billion euros - thanks to around 602 million euros in trading income and compared with a Thomson Reuters analyst consensus of 658 million euros.

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