|Bid||8.00 x 14000|
|Ask||8.01 x 18700|
|Day's Range||8.00 - 8.01|
|52 Week Range||4.50 - 8.05|
|PE Ratio (TTM)||20.67|
|Dividend & Yield||0.36 (4.50%)|
|1y Target Est||N/A|
Italian bank UniCredit has signed a final agreement with U.S. funds Fortress and Pimco on the sale of bad loans worth 17.7 billion euros ($20 billion) in Italy's biggest such deal so far. UniCredit has led clean-up efforts among Italian banks which have been left with billions of euros of bad loans following the country's deep recession. Morgan Stanley analysts estimated on Monday that at the current rate of rundown it would take Italian banks some 10 years to lower the share of soured debt over total loans to 5 percent.
UniCredit shares rose Monday after it confirmed plans for a $20 billion sale non-performing loans with Fortress FIG and PIMCO.
Fortress Investment Group LLC (FIG) entered into an agreement to divest its 100% stake in Logan Circle Partners to MetLife, Inc. (MET).