Intesa Sanpaolo Shares +1.9% after 3Q data

DJ MARKET TALK: Intesa Sanpaolo 3Q Ahead Of Expectations - UBS 1517 GMT [Dow Jones] Intesa Sanpaolo (ISP.MI) 3Q results are ahead of expectations, says UBS. Notes that core tier 1 of 7.2% is set to be boosted by expected disposals and implementation of BIS II advanced. Keeps at buy with a EUR3.50 target price. Share +1.9% at EUR2.96. (SRC)

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10-11-09 1517GMT

DJ Intesa Sanpaolo Could Announce Some Disposals By Year-End -CEO

MILAN (Dow Jones)--Intesa Sanpaolo SpA (ISP.MI) could make an announcement on its plan for non-core asset disposals before the end of the year, Chief Executive Corrado Passera said Tuesday during a conference call to present the Italian bank's third-quarter results.

"We could make an announcement by year-end," Passera said, adding that the bank plans to complete a previously announced capital strengthening that includes the sale of its custodian operations as well as the valorization of asset management unit Banca Fideuram.

In September, the bank decided not to apply for government-sponsored bonds to strengthen its ratios.

-By Sabrina Cohen, Dow Jones Newswires; +39 02 5821 9906; sabrina.cohen@dowjones.com

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