BBVA - Dividend Delight: UniCredit's Financial Renaissance Poised To Reward Long-Term Investors
2024-04-16 15:33:39 ET
Summary
- UniCredit's turnaround has completed its phase one with outstanding results in terms of capitalization and profitability.
- In the past few years, UniCredit has massively outperformed the S&P500.
- In this article, we go over UniCredit's latest financials to assess whether we are still before an opportunity or if the stock now reflects the bank's intrinsic value.
Introduction
A thesis I have had since the pandemic that is proving lucrative and profitable is that the banking sector in Italy was a hidden jewel that was being severely ignored by many investors. This is why I have considered the two largest Italian banks a big deal under everyone's nose. Intesa Sanpaolo ( OTCPK:ISNPY ) has proven a great investment , offering over the last 5 years a total return that beat the S&P 500 ( SPY ). But even better has done UniCredit ( OTCPK:UNCRY , OTCPK:UNCFF ), which has trounced the index....
Dividend Delight: UniCredit's Financial Renaissance Poised To Reward Long-Term Investors