Report

Mediobanca : Stable credit opinion not varied on new variant; Recommendation lowered to Neutral on relatively less attractive SNP and Tier 2

The robustness of Mediobanca (MB)’s business model and relevance of its strategy has translated into solid and resilient performance during the first waves of the pandemic. Despite the uncertainties raised from the spread of the new variant, we believe this should continue to be the case owing to MB’s healthy diversification in specialized segments, where MB has strong franchise and expertise. The evolution in ownership structure and takeover intentions credited by press rumours ...
Underlying
Mediobanca S.p.A.

Mediobanca Banca Di Credito Finanzario's core businesses are lending and investment banking. Co. helps its clients by providing them with advisory services in addition to medium-term bank credit. Co. is the parent company of the Mediobanca Banking Group, which has operations in consumer credit, retail banking, leasing, and private banking. Co.'s business divisions are comprised of: Corporate and Investment Banking, which comprises Wholesale Banking and Private Banking; Principal Investing, which brings together all equity investments in associates (IAS28) and available for sale assets; and Retail and Consumer Banking, which comprises consumer credit and retail banking activities.

Provider
Oddo BHF
Oddo BHF

​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.

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Matthias Desmarais
  • Matthias Desmarais

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