Intesa Sanpaolo approves MPS capital raise: 13 analysts set EUR 7.29 for Intesa Sanpaolo stock

Published on 10/27/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Board approved 3.00 billion MPS shares on October 19, 2026. Intesa Sanpaolo stock costs EUR 5.91 on October 27, 2026, 0.67 percent below Xetra close.

MPS offer and reporting dates

The MPS capital increase covered up to 3.00 billion shares on October 19, 2026.
First-half 2026 net income reached EUR 5.60 billion on July 29, 2026.
Intesa Sanpaolo stock trades at EUR 5.91 at 10:15 a.m. CEST at Lang & Schwarz on October 27, 2026, 0.67 percent below the Xetra close of October 26, 2026.
The board is scheduled to approve the September 30 interim statement on November 3, 2026.

Intesa Sanpaolo, IT0000072618, Illustration mit AI erstellt.

Intesa Sanpaolo (ISIN IT0000072618) was trading at EUR 5.91 at Lang & Schwarz at 10:15 a.m. CEST on October 27, 2026, down 0.67 percent versus the Xetra close of October 26, 2026 at EUR 5.95. On October 19, 2026, the bank's board approved a capital increase to support its voluntary public tender and exchange offer for Banca Monte dei Paschi di Siena, according to MarketScreener. The same source listed 13 analysts with an average target of EUR 7.29 on that date.

Capital increase sets the latest catalyst

The approved transaction covered a maximum of 3.00 billion MPS shares, excluding shares already held by Intesa Sanpaolo. The scope could expand by a further 272.00 million shares if the Mediobanca merger into MPS becomes effective before the offer period ends, MarketScreener reported.

The strategic question is whether the enlarged share base can support the offer without weakening the bank's earnings profile. The supervisory authority had already authorized the inclusion of the shares issued for the transaction in Intesa Sanpaolo's Common Equity Tier 1 capital, according to the same October 19 report.

What does the earnings base show?

Intesa Sanpaolo's first-half 2026 net income was EUR 5.60 billion, while second-quarter net income was EUR 2.79 billion, based on the bank's investor-relations materials and the standardized quarterly statement. The first-half result and the bank's guidance of more than EUR 10.00 billion for full-year 2026 were highlighted by Intesa Sanpaolo on July 29, 2026. Second-quarter net income of EUR 2.79 billion was higher than first-quarter net income of EUR 2.76 billion, a quarterly increase of 1.16 percent.

Three dated steps in the transaction

On July 29, 2026, Intesa Sanpaolo presented first-half net income of EUR 5.60 billion and raised its 2026 guidance above EUR 10.00 billion, according to Intesa Sanpaolo. On October 3, 2026, the bank set the cash component of its MPS offer at EUR 1.25 per share, up from EUR 1.00, in an official release. On October 19, 2026, the board approved the related capital increase for up to 3.00 billion MPS shares, as MarketScreener reported.

Upcoming reporting and dividend dates

The next key date is November 3, 2026, when the board is scheduled to approve the interim statement for the period ended September 30, 2026 and decide on an interim dividend. The calendar also lists November 23, 2026 for coupon presentation, November 24, 2026 as the record date, and November 25, 2026 for payment, subject to the board's resolution, according to Intesa Sanpaolo.

Stock trades below the Xetra close

The EUR 5.91 quote at Lang & Schwarz on October 27, 2026 at 10:15 a.m. CEST stood 0.67 percent below the EUR 5.95 Xetra close of October 26, 2026. The market capitalization was EUR 102.2 billion, while the 52-week range was EUR 4.83 to EUR 6.95 as of October 27, 2026. The 13-analyst average target of EUR 7.29 provides a separate valuation reference for the MPS execution debate.

The further course of trading is shown by the continuously updated real-time quote of Intesa Sanpaolo stock.