Report
Benoit Valleaux ...
  • Steven Gould

Unicredit : Un T1 2022 solide bien que logiquement marqué par la Russie

>Opinion Neutre maintenue – OC porté à 12.0 € (vs 11.0 €) - La performance opérationnelle au T1 2021 ressort assez solide une fois retraitée des impacts liés à la Russie (~1.2 Md€ de provisions), grâce à une bonne tenue du PNB (+13% vs cons grâce notamment aux commissions et des performances largement plus élevées sur le trading) et une bonne maîtrise des coûts (-3% vs cons). Nous profitons de la publication trimestrielle pour ‘acter’ nos changements d’estimations de ...
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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