UNCRY - UniCredit S.p.A.
| Previous close | 10.03 |
| Open | 9.98 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 9.94 - 10.02 |
| 52-week range | 4.09 - 10.84 |
| Volume | |
| Avg. volume | 398,893 |
| Market cap | 37.22B |
| Beta (5Y monthly) | 1.68 |
| PE ratio (TTM) | 4.65 |
| EPS (TTM) | 2.15 |
| Earnings date | N/A |
| Forward dividend & yield | 0.54 (5.44%) |
| Ex-dividend date | 24 Apr 2023 |
| 1y target est | 15.21 |
ZacksUniCredit (UNCFF) is on the Move, Here's Why the Trend Could be Sustainable
UniCredit (UNCFF) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
ZacksHere's Why Momentum in UniCredit S.p.A. Unsponsored ADR (UNCRY) Should Keep going
UniCredit S.p.A. Unsponsored ADR (UNCRY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
ReutersUniCredit to use 300 million euro charges for staff exits-sources
MILAN (Reuters) -UniCredit will use restructuring charges to help fund voluntary exits for some of the additional 1,000 employees who asked to leave under an early retirement scheme launched last year, two people close to the matter said. In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its 2023 profit goal above 6.5 billion euros ($7.2 billion) and said the figure included 300 million euros in restructuring charges it would book mostly in the second quarter. The bank plans to use the money to cut staff costs by axing jobs in central offices and hiring young people to strengthen its commercial franchise and boost its digital capabilities, the sources said.
ReutersUniCredit CEO says no M&A targets make sense at current prices
UniCredit Chief Executive Andrea Orcel on Wednesday said buying back the banks' own shares was the best use of its money, with no merger and acquisition deal offering a valid alternative. A 40% rise in UniCredit's share price this year has fuelled speculation that Orcel, who built his career in investment banking first at Merrill Lynch and then UBS, could consider an acquisition. "We see today a much greater value to be created by repurchasing our stock at these levels than doing any M&A," Orcel told a media call after the bank reported bumper quarterly earnings.
- Investing.com
UniCredit raises guidance after Italian bank posts record results
Investing.com -- UniCredit SpA (BIT:CRDI) shares jumped up to near the top of the pan-European Stoxx 600 on Wednesday after the Italian lender boosted its full-year guidance, following a record bottom-line result in the first three months of 2023.
ReutersUniCredit raises 2023 goals after stronger than expected quarter
UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. UniCredit forecast a 2023 profit above 6.5 billion euros ($7.2 billion), improving the guidance it gave earlier this year about broadly matching its 2022 result of 5.2 billion euros. UniCredit slightly modified its definition of profit under its guidance, but the two numbers remain largely comparable, it said.
ReutersUniCredit to repay AT1 bond, says no need to issue more near term
UniCredit said on Thursday it would redeem in June a 1.25 billion euro ($1.38 billion) 'Additional Tier 1' (AT1) perpetual bond after receiving supervisory approval, adding it had no need to sell similar debt in the near future. Investors' confidence in AT1 bonds has been rocked by a Swiss authorities' decision to wipe out $17 billion of Credit Suisse's CSGN.S AT1 debt under its takeover by UBS, in a move that hit AT1 holders harder than shareholders. As a consequence, liquidity in the AT1 market dried up, yields soared - making refinancing impossible - and investors worried that lenders would not stick to an unwritten market practice under which issuers redeem AT1 bonds - which are perpetual - at the earliest opportunity.
ZacksRecent Price Trend in UniCredit (UNCFF) is Your Friend, Here's Why
UniCredit (UNCFF) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
ReutersUniCredit fails to win support for pay policy from investor Allianz's funds
Funds managed by German insurer Allianz failed to back the Italian bank's new remuneration policy and pay packages awarded in 2022 at last month's general meeting, a document showed. Minutes of the UniCredit annual shareholder meeting showed that the funds run by Allianz had abstained in both votes. Allianz, which is itself the second-biggest shareholder in UniCredit, had backed the company policy.
ReutersGoldman Sachs lifts UniCredit stake to 7.6%
Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of April 18, a regulatory filing showed on Monday. The stake, held by Goldman through a number of its own companies, stood at 6.2% on April 13 and rose to as much as 8.2% the following day, before being pared back. Goldman, whose equities services include a market making role on derivatives, has been raising and reducing its potential UniCredit exposure over the course of the past month which has witnessed turmoil in the banking sector.
ZacksUniCredit S.p.A. Unsponsored ADR (UNCRY) is on the Move, Here's Why the Trend Could be Sustainable
UniCredit S.p.A. Unsponsored ADR (UNCRY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
ZacksUniCredit S.p.A. Unsponsored ADR (UNCRY) Is Up 6.75% in One Week: What You Should Know
Does UniCredit S.p.A. Unsponsored ADR (UNCRY) have what it takes to be a top stock pick for momentum investors? Let's find out.
ReutersUniCredit's M&A stance is 'steady as she goes' - CEO
UniCredit is in a position to take advantage of current turmoil in the banking industry to gain market share but on merger and acquisitions its stance is one of "steady as she goes", its chief executive said on Wednesday. Speaking at a Bloomberg conference in Dublin, CEO Andrea Orcel downplayed as "isolated cases" recent problems in the industry, including U.S. regional bank failures and the rescue merger of Credit Suisse with rival UBS. Orcel said the European Central Bank's decision to go ahead with a planned rate rise and also authorise UniCredit to buy back 3.34 billion euros ($3.66 billion) of its own shares, nearly 10% of its value, "underscored the fact that the situations are very different."
ReutersItalian investor in UniCredit, Banco BPM sees 'strategic value' in deal
MILAN (Reuters) -An Italian investor in both UniCredit and Banco BPM said on Wednesday that a merger would have "strategic value", but any decision lay with management not shareholders. Italy's No.2 bank UniCredit was preparing an offer for number three Banco BPM in 2022, before the Ukraine conflict forced CEO Andrea Orcel to focus on its Russia exposure. Orcel had looked to move on Banco BPM soon after becoming UniCredit CEO two years ago, but instead entered talks with the government over a possible Monte dei Paschi acquisition that eventually fell through.
ReutersUniCredit CEO expects ECB to take 'balanced approach' on rate hikes
The head of Italy's UniCredit expects the European Central Bank (ECB) to take a 'balanced approach' on interest rate hikes, acting on the basis of economic data as they become available given the high level of uncertainty. "I believe that in the end the (European) Central Bank will take a balanced approach, probably raising rates by more than what 'doves' would like, but by less than what 'hawks' would," CEO Andrea Orcel was quoted as saying by Il Messaggero daily on Thursday. Orcel added he expected the ECB's deposit rate could peak in the summer.
ReutersExclusive-Amundi discussed possible Italian ops spin-off with UniCredit - sources
Amundi has held talks with its commercial partner UniCredit over the possibility of the bank investing in the French asset manager Italian operations, as the two weigh options for their future relationship, two sources close to the matter said. The sources said one possibility that has been considered would see Amundi spinning off its Italian operations into a separate company, in which UniCredit could buy a stake. UniCredit struck a 10-year deal with Amundi to distribute the French company's products through its branches in 2016, when it agreed to sell its asset management business Pioneer Investment to Amundi for 3.55 billion euros ($3.87 billion).
ReutersUniCredit resumes purchases of tax credits from green building schemes
UniCredit said on Monday it was resuming buying tax credits deriving from government incentive schemes to improve energy efficiency, after a halt to the purchases had dealt a blow to Italy's construction sector. Beneficiaries of an array of green building tax schemes have been monetising the tax credits by selling them to lenders, which had however come to put a stop to the purchases. Government measures have prompted lenders to resume the buying.
ReutersUniCredit kicks off first tranche of share buyback for 2.34 billion euros
UniCredit will kick off on Monday the first tranche of a share repurchase programme which received supervisory approval last week, a key part of Chief Executive Andrea Orcel's plans to boost the bank's share price. UniCredit said it had hired BNP Paribas to buy back up to 2.34 billion euros ($2.53 billion) worth of shares, equivalent to 12% of the bank's capital, with completion expected by the end of June. The European Central Bank last week gave UniCredit a green light to buy back 3.34 billion euros of its own shares, following a 2.58 billion euro buyback completed last year.
ReutersUniCredit shareholders back CEO Orcel's new pay package
MILAN (Reuters) -UniCredit shareholders on Friday backed a new pay policy for the group which would boost CEO Andrea Orcel's compensation package by 30% to 9.75 million euros ($10.6 million) if he manages to beat performance targets. "The vast majority of positive votes were from UniCredit's active shareholders who share our long-term outlook," said Chairman Pier Carlo Padoan adding that voter turnout was the highest the bank had seen in many years. The proposal was approved with 69.1% of votes, which compares with a figure of 74.6% last year, when attendance however was lower, and a narrow 54.1% backing for Orcel's pay package when he first arrived in 2021.
ReutersUniCredit gets ECB approval for 3.34 billion euro share buyback
UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34 billion euros ($3.6 billion), giving a boost to the stock price at a time of deep uncertainty for the banking sector. Shares in UniCredit extended gains on the announcement to rise 4% by 1421 GMT. UniCredit said the approval reflected information it provided to the European Central Bank to highlight its strong capital and liquidity position, as well as its ability to generate new capital.
ReutersNorway wealth fund to vote in favour of UniCredit remuneration plan
Norway's $1.3 trillion sovereign wealth fund, one of the world's largest investors, will vote in favour of the UniCredit remuneration package, it said on Sunday. The Italian bank is due to hold its annual meeting of shareholders on March 31. UniCredit shareholders are asked to approve a new pay structure for CEO Andrea Orcel that offers a 30% rise if the bank beats a wide set of targets this year.
ReutersUniCredit leaning towards repaying AT1 bond in June - source
MILAN (Reuters) -UniCredit is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, a move that would show it has ample capital and help keep funding costs in check as markets reel from a crisis of confidence. UniCredit put in a request in recent weeks with European Central Bank supervisors to repay a 1.25 billion euro ($1.34 billion) 6.625% perpetual bond on June 3, the first chance it has to redeem it, the source said. The bond reversed earlier losses to hit a session high after Reuters reported the request.
ZacksAll You Need to Know About UniCredit S.p.A. Unsponsored ADR (UNCRY) Rating Upgrade to Strong Buy
UniCredit S.p.A. Unsponsored ADR (UNCRY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- Reuters SG
UPDATE 1-Global bank bonds claw back losses as markets rout ebbs
An uneasy calm descended across battered bank bonds and shares on Tuesday, with prices recovering a day after regulators sought to convince investors that the hit facing bond holders of embattled Credit Suisse is isolated. AT1 bonds from others such as Deutsche Bank, UBS and BNP Paribas rose more than 2 cents, data from MarketAxess and Tradeweb showed. On Monday bank AT1 bonds had taken a beating after news that those issued by Credit Suisse would be written down to zero as part of a rescue merger with UBS.
ReutersRedemption delay fears send yields on European banks' CoCo bonds spiking
Turmoil in the banking sector has sent yields on the riskiest bonds issued by European lenders including UniCredit, Santander and BBVA spiking as investors price in the risk they may not be redeemed as soon as possible. To beef up their regulatory capital and meet requirements over their ability to withstand possible losses, banks often sell hybrid instruments that stand between debt and equity known as contingent convertible (CoCo) bonds. CoCo bonds convert automatically into equity or are written off if there is a capital shortfall.