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Intesa Latest European Bank to See Positive Trading Surprise

  • Italian lender follows other European banks with trading gain
  • Cost cuts help compensate for lackluster income from lending
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Intesa Will Deliver Higher Profit in 2019, CEO Messina Says
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Intesa Sanpaolo SpA became the third European bank to post better-than-expected trading revenue, helping profit rise despite lackluster income from lending and fees.

Net income increased to 1.22 billion euros ($1.36 billion) in the second quarter, beating the 908 million-euro average analyst estimate. Trading income drove an increase in revenue when analysts had expected a decline.