UNCRY - MedioBanca: Push Towards Wealth Management Justifies Higher Valuation
MedioBanca (OTCPK:MDIBY) has an attractive valuation compared to the European banking sector, which is unwarranted given that it is a bank with a ‘quality’ profile. Its strategy of shifting its business towards Wealth Management gives it good growth prospects in the long term, which should improve even further MedioBanca’s fundamentals. Despite this, it has an attractive valuation compared to its peers, making it an attractive value play in the medium term.
Company Description
MedioBanca is an European investment banking boutique based in Italy. It also offers services in financial advice, consumer credit and