Is ALY a MIRAGE? Part TwoANALYTIXINSIGHT: The Makings of an International Conglomerate? “Intesa Sanpaolo is one of the top banking groups in the euro zone with a market capitalization of 34 billion euros. It provides services in Italy to approximately 11.9 million customers through approximately 4,400 branches and has a strategic international presence with approximately 1,000 branches and 7.5 million customers operating in 12 countries.”
(.
https://www.analytixinsight.com/news/analytixinsight-reports-third-quarter-2018-financial-results-and-provides-corporate-update )
“Intesa Sanpaolo owns 33% of MarketWall and is one of the top banking groups in Europe with approximately 11.8 million customers and approximately 3,700 branches throughout Italy. It has emerged as Italy's first digital bank and is investing 2.8 billion euros in a strategic plan to increase the bank’s digitized business to 70%, with mobile being at the heart of the digital ecosystem. S&P Global ranks Intesa Sanpaolo as the 27th largest bank in the world by total assets." (.
https://www.analytixinsight.com/news/analytixinsight-reports-third-quarter-2020-financial-results )
“MarketWall’s strategic partner, Intesa Sanpaolo, recently reported its best-ever Q2 net income of 1.4 billion euros. The bank’s acquisition of UBI Banca received shareholder approval on July 30th, making Intesa Sanpaolo the second largest bank in Europe by market capitalization.”
(.
https://www.analytixinsight.com/news/analytixinsight-provides-update-on-marketwalls-online-broker-investopro )
“InvestoPro has been jointly introduced by AnalytixInsight and Intesa Sanpaolo as Intesa Sanpaolo’s online digital trading platform, whose customers will be able to activate online trading using their Intesa Sanpaolo Mobile App login credentials. The Intesa Sanpaolo Mobile App has over 7 million active users and over 1 billion logins per year. Intesa Sanpaolo is one of the soundest and most profitable banks in Europe and has subsidiaries operating in 12 countries in Central-Eastern Europe, the Middle East and North Africa, as well as an international network supporting corporate customers in 25 countries.”
(
https://www.analytixinsight.com/news/analytixinsight-reports-third-quarter-2021-financial-results )
- ALY certainly is a doting ‘partner’, evidently proud and super supportive of Intesa’s phenomenal growth, as characterized in most ALY Press Releases!. The millions and millions of customers, the 2.8 billion euro digital strategy investment... WOW!
- Marketwall is poised to have an enterprise value in the billions! Intesa is a bottomless pit of customers that will be using InvestoPro! JUST WOW!
Here’s an interesting kicker, a common theme starting in 2018...
“Intesa Sanpaolo and AnalytixInsight are the major shareholders of Marketwall. Now that the Investo app has been successfully deployed, the parties have initiated discussions to prepare the spin out and/or initiatives that will allow the Company to recognize the corresponding value associated with its 49% ownership of Marketwall. The Company expects this strategy to be finalized during the first half of 2019 and will provide market updates on the plans and strategic initiatives for Marketwall as they develop.”
(.
https://www.analytixinsight.com/news/analytixinsight-reports-third-quarter-2018-financial-results-and-provides-corporate-update )
“Following the completion of MarketWall’s online brokerage initiative InvestoPro, MarketWall expects to initiate a valuation process to determine its appropriate valuation within a peer-based context of online brokerage firms with partnerships with world-leading banks. Completion of this process will allow AnalytixInsight to move forward with a spinout to unlock the value of its MarketWall holdings in an IPO or other such strategies.”
(.
https://www.analytixinsight.com/news/analytixinsight-reports-second-quarter-2020-financial-results )
Mind boggling. One of most respected financial institutions on the planet as a partner, appears to be adding millions upon millions of users onto the InvestoPro Platform and they are planning for a liquidity event! (Must be that good of a conversation that is has taken 6 years.)
So, how many activer users on InvestoPro?