Unicredit : Fine end to Transform19 and solid start for Team23
>Good operating performances - Q4 2019 results were very solid as regards underlying operations – note that the quarter was marked by sizeable negative one-offs (exit from the JV that owns Yapi Kredi, restructuring charges, impact of the accelerated de-risking of the non-core division). Almost incidentally, the net loss was smaller than expected at -€ 0.8bn (-26% vs the consensus forecast of -€ 1.1bn). The real quality in the publication is to be found elsewhere, base...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.
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