Unicredit : Not a very inspiring Q3 but still headed in the right direction!
>Q3 2018 undermined by Turkey but underlying trends still solid - UniCredit posted Q3 2018 figures that need to be analysed on two fronts in our view: while reported net income came in at € 29m (vs a consensus of € 907m), the miss being due to one-off factors (mainly € 0.85bn of impairments for Turkey), adjusted net income was in line at € 875m (-4% vs cons) with a solid underlying operating trend and in synch with the mid-term strategic plan.Interest income = €...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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