UNCFF News and Press, Unicredito SpA From 10/24/23

2023-10-24 23:28:05 ET Summary Higher interest rates and benign NPL formation are still supporting outsized profitability at UniCredit, with Q3 another strong quarter for the bank. Earnings have likely peaked at this point, but management guidance still points to a mid-teens retur...

2023-10-24 08:33:56 ET Summary UniCredit's Q3 2023 report exceeded expectations, with a 23% YoY growth in revenues and a 36% YoY growth in net profits. The company's strong earnings and CET1 ratio of 17.1% prompted management to guide for a 2024 shareholder distribution of "at lea...

2023-09-19 08:21:19 ET Summary UniCredit reported strong Q2 results, with revenue and net profit beating expectations and an improvement in the capital position. The impact of the Italian windfall tax is expected to have minimal downside on earnings and capital requirements. U...

2023-09-13 05:42:47 ET Summary Despite inflation expectations, UniCredit plans to cut costs by about €500 million. UniCredit is now a transformed bank with an earnings growth trajectory and sustainable competitive advantages, given its cost structure. Best in class cost...

2023-09-01 19:00:09 ET Summary Raiffeisen Bank International AG is one of the largest lenders of Signa Group, which faces challenges in its real estate and retail divisions, including write-offs, bankruptcies, and financial liabilities adjustments. The ECB has conducted inspe...

2023-08-24 17:10:21 ET Summary Deutsche Bank shares have been underperforming the market and other European banks in 2023. Some metrics, like the P/B ratio of just 0.33, would suggest that Deutsche Bank is cheap and undervalued. Given the low profitability of the bank and the ...

2023-08-11 10:00:00 ET Summary The Italian government has decided to go ahead with a windfall tax on banks, causing shockwaves in the Italian banking sector as soon as the initial draft circulated. The draft is yet to sign into law, and the Finance Ministry has already been workin...

2023-08-10 11:36:45 ET Summary Italian banks face a windfall tax on extra profits from rising interest rates. The tax will be 40% on profits from net interest margin (NIM) in 2022 or 2023. Strong results and upgraded profit outlooks for Italian banks due to higher rates may be...

2023-08-02 08:23:00 ET Summary We’ve seen a shift in analyst sentiment over the last two weeks when looking at data in This Week in Earnings and STOXX 600 Earnings Outlook report. For the S&P 500, the week ending July 28th saw a total of 2,444 FY1 EPS revisions over a 7...

2023-07-26 13:04:01 ET UniCredit S.p.A. (UNCFF) Q2 2023 Earnings Conference Call July 26, 2023, 05:00 AM ET Company Participants Andrea Orcel - CEO Stefano Porro - CFO Magda Palczynska - Head, IR Conference Call Participants Antonio Reale - Bank of Am...