Report
Benoit Valleaux ...
  • Steven Gould

Unicredit : Bon T3 2022, guidances 2022 améliorées … OK mais après ?

>Opinion Neutre maintenue – OC porté à 15.3 € (vs 13.4 €) - La performance opérationnelle au T3 2022 ressort de nouveau solide, drivée par une bonne tenue du PNB (+9% vs cons, bien que largement lié au trading) et une bonne maîtrise des coûts (-1% vs cons) et de nouveau (3ème trimestre consécutif hors Russie) à la quasi-absence de coût du risque. Le trimestre est par ailleurs marqué par une évolution assez rassurante de la solvabilité (-30 pb qoq ‘seulement’ sur le ra...
Underlying
UniCredit S.p.A.

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.

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.

Analysts
Benoit Valleaux

Steven Gould

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