Unicredit : Robust Q3 2024 results, confirmation of shareholder returns and CBK optionality
>Neutral rating reiterated – target price raised to € 44.0 (vs € 42.0) - UniCredit confirmed in Q3/9M 2024 its favourable operating performance, thus validating the prospect of significant shareholder returns. We have factored in this solid momentum with an average upgrade of 3% to our net income estimates for 2024-2026e (driven by a more favourable trends in NII, costs and the cost of risk). However, we maintain our Neutral rating, as the quality of the group’s ...Unicredit is a pan-European commercial banking group based in Italy. Co. is engaged in the provision of in-branch and online corporate and investment banking services, providing customers with access to banks in 14 core markets as well as to an another 18 countries worldwide. Co.'s operations are organized along six business lines: Commercial Banking Italy; CEE Division; CIB; Commercial Banking Germany; Commercial Banking Austria; and Asset Gathering. Co.'s European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.