Unicredit : Update PF of new CEO: Orcel faced with a potential strategic ‘corner’?
>Neutral recommendation reiterated– downward revision of 6% of 2022e-2023e EPS - Our overall approach remains cautious on the trend in the cost of risk and UCG's ability to benefit from a sufficiently favourable operating jaws trajectory (notably on the revenue component as leeway on costs becomes more limited) - our estimates are revised downwards by 6% on average over 2022e-2023e. The recent change in the CEO (Andrea Orcel vs Jean-Pierre Mustier) coincides, in our...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.