Unicredit : Q4 2020: lacklustre end to the Mustier era
>Operational: mixed underlying performance and goodwill impairments - UCG has published Q4 2020 earnings that once again marked significant non-recurring elements (goodwill impairments on the CIB activities representing around € 0.9bn), with a reported net loss of around ~€ 1.2bn (vs a net loss of € 0.7m for the consensus) – the underlying performance was slightly better than expected taking the net loss to around € 0.3bn.The underlying performance was, unsurpri...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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