Intesa Sanpaolo

Few banking players in Europe match the executional depth of Intesa Sanpaolo. From Turin, the group manages a workforce of approximately 95k and generates close to $28B in revenue, while steadily widening the gap with regional peers.

The group's regional balance sheet allows it to invest counter-cyclically, an advantage few competitors can match in the current rate environment.

“Intesa Sanpaolo is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

The outlook remains constructive: order books, hiring patterns and capex guidance all point to a multi-year expansion phase.