Report
Steven Gould

Unicredit : T4 2020 : l’ère Mustier s’achève en demi-teinte

>Opérationnel : underlying mitigé & dépréciation de GW - UCG a publié un T4 2020 marqué de nouveau par d’importants éléments non récurrents (dépréciation de GW sur les activités de CIB à hauteur de ~0.9 Md€), avec un RN publié s’établissant en perte de ~1.2 Md€ (vs cons perte nette 0.7 M€) – la performance sous-jacente ressort un peu mieux qu’attendu avec une perte nette ramenée à ~0.3 Md€. La performance sous-jacente est, sans surprise, dans une large mesure sou...
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
Steven Gould

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