UBS’ Top Tech Based Disruptive Stocks For 2030: Top 29 Stocks

21. Intesa Sanpaolo S.p.A. (OTC:ISNPY)

YTD Share Price Gain: 42.02%

Intesa Sanpaolo S.p.A. (OTC:ISNPY) is the final over the counter bank stock on our list. It is an Italian bank that provides asset management, private banking, insurance, investment banking, and other services. It earns most of its income through interest, which leaves Intesa Sanpaolo S.p.A. (OTC:ISNPY) at the mercy of interest rates and economic activity. During H1 2024, the bank’s interest income and interest margin grew by 23% and 16.5%, respectively. Yet, the growth stalled down the income statement, as Intesa Sanpaolo S.p.A. (OTC:ISNPY)’s €4.8 billion in profit marked a 12.6% annual growth. The reliance on interest income is unsurprising as the bank is Italy’s largest lender. The tighter credit environment has manifested itself in other ways on Intesa Sanpaolo S.p.A. (OTC:ISNPY)’s balance sheet too, with Intesa Sanpaolo S.p.A. (OTC:ISNPY)’s provisions for risk and other charges growing by nearly 61% during H1. The fact that it’s another UBS fintech disruptor stock is unsurprising as the bank announced in October that it is reducing head count by 9,000 employees worldwide,  accelerating artificial intelligence, digital banking, and cutting costs. Intesa Sanpaolo S.p.A. (OTC:ISNPY) also plans to hire 3,500 new employees to focus on wealth management and insurance.