When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
ABNRY - UniCredit - Successful De-Risking Yet To Be Rewarded: 25% Upside
ABN AMRO Bank N.V. - ADR
When I last wrote on UniCredit (OTCPK: UNCFF) I said it was a stock on my watchlist but it was probably too early to buy ahead of an important Investor Day on 3 December, when management will present a new business plan to 2023. Since then (early May) the stock has indeed moved sideways as investors wait for this important catalyst. The share price is -1%.
Now is the time to buy, in my view. Valuation remains extremely cheap with P/TNAV of 0.49x being the lowest of large European banks after Commerzbank (OTCPK:CRZBF