UNCFF News and Press, Unicredito SpA From 09/22/22

UniCredit ( OTCPK:UNCFF ) ( OTCPK:UNCRY ) shares climbed 5.7% in late Thursday morning U.S. trading after the Italian bank's CEO said he sees 2022 guidance improving "substantially" as rising interest rates offset any slump in fee income. The lender will upgrade its fu...

Summary The second buyback tranche was confirmed and has an estimated impact of 32 basis points on the CET1. New rumors from the CEO: "M&A at the right conditions". This provides support for the company's resiliency. Even considering a zero value from Russian assets, we co...

Italian banking group UniCredit ( OTCPK:UNCFF ) ( OTCPK:UNCRY ) announced on Wednesday that it has launched its second share buyback this year, for up to €1B. The program is expected to conclude by the end of November 2022 and will bring the overall capital distribu...

Summary We analysed the double CNP transaction and the new buyback sensitivity on CET1. We provide some support on interest rate sensitivity. BTP-Bund spread is now more manageable than in the past for Italian banks' balance sheets. Both ISP and UniCredit are clear buy. ...

More than 70 current and former Deutsche Bank ( NYSE: DB ) employees are being investigated by German public prosecutors in Cologne who seek to shed light on the bank's exposure to a multibillion-euro "cum-ex" tax fraud scheme, the Financial Times reported , citing an in...

The following slide deck was published by UniCredit S.p.A. in conjunction with their 2022 Q2 earnings call. For further details see: UniCredit S.p.A. 2022 Q2 - Results - Earnings Call Presentation

UniCredit S.p.A. (UNCFF) Q2 2022 Earnings Conference Call July 27, 2022 04:00 ET Company Participants Magda Palczynska - Head, Investor Relations Andrea Orcel - Chief Executive Officer Stefano Porro - Chief Financial Officer Conference Call Participants ...

UniCredit closed the second quarter beating analyst estimates in almost every line. Solid Q2 performance was led by higher net interest income and lower operating costs. ROTE has strong growth at 15.1%, and new guidance was updated. Our buy rating is confirmed. We init...

UniCredit ( OTCPK:UNCFF ) ( OTCPK:UNCRY ) is leaving Russia via "progressive disengagement",  a plan that's performing well from a financial perspective, CEO Andrea Orcel told Italian daily Il Sole 24 Ore , as reported by Reuters on Thursday. "Russia is perfor...

UniCredit ( OTCPK:UNCFF ) ( OTCPK:UNCRY ) is considering a transaction to sell its Russian unit in a way that would allow the Italian bank to repurchase the subsidiary if the geopolitical situation stabilizes, Bloomberg reported Tuesday, citing people familiar with the mat...