UniCredit SpA

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UniCredit SpA engages in the provision of banking and financial solutions. It operates through the following geographical segments: Italy, Germany, Central Europe, Eastern Europe, Russia, and Group Corporate Centre. The company was founded in 1870 and is headquartered in Milan, Italy.

UniCredit UCG, -6.34% and Intesa Sanpaolo ISP, -7.27% shares slumped on Tuesday after a surprise windfall tax was agreed by the Italian government on Monday night. Terms call for a 40% tax on what is called excess net interest income, for both 2022 and 2023.

Italian bank shares slump on surprise windfall tax

RusKhimAlyans, 50%-owned by Russian gas giant Gazprom , has filed a lawsuit seeking 45.7 billion roubles ($472 million) from Italy's UniCredit [RIC:RIC:UCCDB.UL], a guarantor of a project held up by EU sanctions, Russian court documents show.

Gazprom subsidiary files $472-million lawsuit against UniCredit in Russia

UniCredit on Tuesday proposed amending its by-laws to give its board audit powers, which would no longer be exercised by a separate body, in a push to make controls more effective, it said.

UniCredit proposes giving audit powers to board

Italian asset manager Azimut said its partnership with UniCredit was on track and would start contributing to net profit from early next year, when it begins marketing products built for the bank's clients across its branches.

Azimut to start marketing funds to UniCredit clients in Q1

UniCredit S.p.A. (OTCPK:UNCFF) Q2 2023 Earnings Conference Call July 26, 2023 5:00 AM ET Company Participants Andrea Orcel - CEO Stefano Porro - CFO Magda Palczynska - Head, IR Conference Call Participants Antonio Reale - Bank of America Andrea Filtri - Mediobanca Giovanni Razzoli - Deutsche Bank Britta Schimdt - Autonomous Research Ignacio Cerezo - UBS Delphine Lee - JPMorgan Hugo Cruz - KBW Operator Good morning, ladies and gentlemen.

UniCredit S.p.A. (UNCFF) Q2 2023 Earnings Call Transcript

Italian bank UniCredit on Wednesday raised its net profit and shareholder reward targets for the year after posting much stronger than expected quarterly results as higher rates lifted revenues.

UniCredit lifts 2023 goals after bumper quarter

Italian bank UniCredit is set to report sharply higher revenue on Wednesday from a year ago as it continues to benefit from higher interest rates - but its exposure to Russia is drawing increased regulatory scrutiny.

UniCredit to post strong quarter as Russia draws scrutiny

We believe this is an opportunity to accumulate shares in a geographically diversified commercial bank trading at compelling multiples. The stock trades at a discount to peers in terms of both P/E and P/TBV despite returns on tangible book value being in line and shareholder remuneration being higher. 27% of the market cap will be distributed to shareholders over FY23-24.

UniCredit: Cheap Valuation And Hefty Capital Returns

UniCredit S.p.A. is a $45-billion market cap commercial bank based in Milan, Italy. The bank reported strong financial results for Q1 2023, driven by favorable interest rates, well-managed deposit rates, and robust commercial performance. Despite the successful implementation of the management plan and its ongoing progress, the market undervalues UNCRY's growth potential, in my view.

UniCredit: Top-Rated And Undervalued

Does UniCredit S.p.A. Unsponsored ADR (UNCRY) have what it takes to be a top stock pick for momentum investors?

UniCredit S.p.A. Unsponsored ADR (UNCRY) is a Great Momentum Stock: Should You Buy?

Allianz SE

UniCredit said on Friday it was ending a non-life insurance venture with UnipolSAI as it strengthened its relationship with Germany's Allianz , a top shareholder and insurance partner.

Allianz replaces UnipolSAI in UniCredit's insurance venture Incontra

UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital and information, replacing Jingle Pang, the Italian bank said on Tuesday.

UniCredit appoints new head of digital to replace Jingle after two years

UniCredit's short-term outlook is favorable, with upward EPS revisions and ongoing buybacks potentially driving stock prices higher. However, long-term prospects for buy and hold investors are less certain due to potential macroeconomic risks and questions about the sustainability of current profitability levels. Investors seeking exposure to the Italian banking sector may prefer Intesa Sanpaolo, which pays out most profits in dividends, making it more suitable for income.

UniCredit: Beware Of The Cycle Peaking

UniCredit can keep rewarding investors at the current pace for at least another two years, its chief executive said on Tuesday as the bank prepared to launch its second share buyback this year.

UniCredit CEO says shareholder payouts sustainable as new buyback nears

UniCredit is an Italian bank that has improved its fundamentals in recent years. Its earnings have been boosted by rising rates and is also leading to strong dividend growth. Despite that, Intesa has a higher yield and seems to be a better income investment.

UniCredit: 6.3% Dividend Yield Is Not Enough

Italy's UniCredit is offering households and companies in its domestic market some wiggle room on mortgages and new loans to help them cope with the effects of rising interest rates and high inflation, it said on Tuesday.

UniCredit offers mortgage rescheduling, new loans to Italian clients

UniCredit Chief Executive Andrea Orcel said on Monday he would be "definitely up for more," when asked about whether he would seek a new mandate at the helm of the Italian bank.

UniCredit CEO Orcel says "up for more" when asked about future

UniCredit has been trimming the proportion of Amundi funds in its total assets under management as a decade-long deal between the companies enters its final years, a person close to the matter said, the latest sign it may not be renewed.

Exclusive: UniCredit cuts Amundi funds' share in assets under management - source

Italy's second-largest bank UniCredit said on Tuesday it was considering merging its Slovenian unit UniCredit Banka Slovenija d.d. with UniCredit Bank Austria.

Italy's UniCredit mulling merger of Slovenian and Austrian units

Mastercard

Italy's second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard.

Italy's UniCredit expands payments partnership with Mastercard

MILAN--(BUSINESS WIRE)--UniCredit and Mastercard today announce a global expansion of their payment partnership.

UniCredit and Mastercard Expand Payments Partnership

Solid MREL requirements that will support dividend payments and share repurchases. Sticky interest rates (at least in the EU) and higher savings from employees' retirements will boost the company's margin.

UniCredit: (Again) Another Target Price Upgrade

Start Time: 04:00 January 1, 0000 5:44 AM ET UniCredit S.p.A. (OTCPK:UNCFF) Q1 2023 Earnings Conference Call May 03, 2023, 04:00 AM ET Company Participants Andrea Orcel - CEO Stefano Porro - CFO Magda Palczynska - Head, IR Conference Call Participants Ignacio Cerezo - UBS Britta Schimdt - Autonomous Research Benjie Creelan-Sandford - Jefferies Andrea Filtri - Mediobanca Azzurra Guelfi - Citi Antonio Reale - Bank of America Giovanni Razzoli - Deutsche Bank Delphine Lee - JPMorgan Hugo Cruz - KBW Operator Good morning, ladies and gentlemen.

UniCredit S.p.A. (UNCFF) Q1 2023 Earnings Call Transcript

UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving some 1,900 requests from staff late last year of which it met less than half, two people close to the matter said.

UniCredit to use 300 mln euro charges for voluntary staff exits-sources

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.

News for UniCredit SpA Stock (UNCRY)