06:29 AM EDT, 07/31/2026 (MT Newswires) -- RBC Capital Markets adjusted its model for Intesa Sanpaolo (ISP.MI), tweaking its price target and earnings forecasts after the Italian lender published its second-quarter earnings. In a Thursday note, the research firm noted the bank's upgraded full-year 2026 net income outlook, which was raised to "over" 10 billion euros from the previous target of "around" 10 billion euros. Accordingly, analysts project 2026 group net income of 10.6 billion euros. RBC also models net interest income of 15.3 billion euros, against management's new outlook of "well above" 15 billion euros. "Our FY27 reported [profit before tax] estimate [increases] by c.3% driven by higher-than-expected NII (higher loan and deposit volumes as well as higher [net interest margin] assumptions) and fee and commission income (upgraded assumptions in [IMI Corporate & Investment Banking], Private Banking and Asset Management), which are partly offset by higher other charges and provisions," the note said. RBC raised the stock's price target to 7.25 euros from 7 euros and maintained its outperform rating.

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