Italy's Intesa targets higher 2026 profit after beating forecast in last quarter

Core Viewpoint - Intesa Sanpaolo aims to increase its net income to approximately 10 billion euros (around $12 billion) by 2026 after surpassing profit expectations in the fourth quarter, despite allocating funds to reduce impaired debts and workforce [1] Financial Performance - The bank reported a strong performance in the fourth quarter, exceeding profit forecasts [1] - The projected net income of 10 billion euros in 2026 indicates a significant growth strategy [1] Strategic Actions - Intesa Sanpaolo has set aside cash to address impaired debts, indicating a proactive approach to financial health [1] - The decision to allocate resources for staff reduction suggests a focus on operational efficiency [1]