Report
Steven Gould

Unicredit : UCG vs M&A bancaire italien : ce qu’il se dit… et ce qu’on peut en dire !

>Opinion Neutre maintenue – OC porté à 9.6 € (vs 9.1 €) - Notre approche reste globalement prudente UCG à ce stade. Nous relevons toutefois nos anticipations de résultats de 1% en moyenne sur 2021-23, essentiellement afin d’intégrer un CdR moins élevé qu’anticipé alors que les perspectives d’amélioration du levier opérationnel demeurent selon nous challenging (notamment sur la composante ‘revenus’ alors que la marge de manœuvre sur les coûts devient réduite).Le r...
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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