Oddo BHF - UniCredit S.p.A. (UCG) Unicredit : T2 2021 plutôt solide… et perspective de deal MPS à CT

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Oddo BHF

Benoit Valleaux ...

Steven Gould

Unicredit : T2 2021 plutôt solide… et perspective de deal MPS à CT

>Opinion Neutre maintenue – OC porté à 10.4 € (vs 10.0 €) - La performance opérationnelle au T2 2021 est solide, grâce surtout à la baisse du CdR mais aussi à un momentum plus favorable sur le PNB – nous relevons nos anticipations sur 2021-2022e de ~4% en moyenne. Notre opinion Neutre est maintneue, modulo un OC porté mécaniquement à 10.4 € (vs 10.0 €), restant prudents quant aux options stratégiques du groupe (nouveau plan T4 2021) et devant l’incertitude associée à ...

03/08/2021 5 FR

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.

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IT0005239360 Italy

Provider

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.

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Analysts

Benoit Valleaux

Steven Gould

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Unicredit : T2 2021 plutôt solide… et perspective de deal MPS à CT

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2024

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 23/04/2024 Date Performance depuis l’entrée Date Performance depuis l’entrée

Seche Environnement : FY targets confirmed despite weaker-than-expected start to the year

KONE : T1 globalement en ligne, la Chine continue de peser. Guidance 2024 précisée

ID Logistics : Solid start to the year, momentum set to remain good over 2024

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