|Bid||4.111 x 0|
|Ask||4.130 x 0|
|Day's Range||4.041 - 4.145|
|52 Week Range||3.098 - 4.634|
|PE Ratio (TTM)||6.34|
|Earnings Date||May 10, 2018|
|Forward Dividend & Yield||0.11 (2.87%)|
|1y Target Est||4.41|
Italian banking stocks rallied and bonds rose on Tuesday after the country's biggest lender, Intesa Sanpaolo (ISP.MI), agreed a bad loan sale at favourable conditions, which investors say could help other lenders achieve better terms and boost lending. Italian banks still hold some 285 billion euros ($353 billion) in troubled loans four years after a deep recession that had pushed that figure up to 360 billion euros, curbing lending to businesses and raising fears of a big bank failure. "We have now finally turned the corner on the aggregate amount of NPL exposure in Italy," said Pierre Bose, head of European strategy at Credit Suisse Wealth Management.
Credit risk is one of the biggest risk Unione di Banche Italiane Sp.A. (BIT:UBI) faces as a small cap company operating in a heavily regulated financial services sector. As aRead More...
LONDON/MILAN (Reuters) - Italy's Banca Monte dei Paschi di Siena (MPS) (BMPS.MI) will meet investors in London on April 4, two sources close to the bank told Reuters, as the Tuscan lender seeks to soothe concerns over its turnaround progress. Monte dei Paschi is grappling with falling revenues and high bad loans that led to an 8.1 billion euro ($10 billion) bailout last year, with Rome injecting 3.9 billion euros into the country's fourth-largest bank and investors shouldering the rest. Political uncertainty in Italy following an inconclusive general election adds to the nervousness surrounding Monte dei Paschi, which is 68 percent owned by the state.
The top executives of bailed-out Italian bank Monte dei Paschi di Siena (BMPS.MI) told investors in London on Wednesday the bank is making progress with its turnaround plan, two fund managers who attended the meetings said. CEO Marco Morelli and CFO Andrea Rovellini said in one-to-one investor meetings they were confident about hitting targets agreed with EU authorities to clear the rescue, one fund manager said. Italy' fourth-largest bank, brought low by mismanagement and a huge bad loan pile, has been the biggest threat to the country's financial stability for years, until an 8.1 billion euro ($10 billion) bailout last summer handed the Rome government a 68 percent stake.
LONDON/MILAN (Reuters) - Italy's Banca Monte dei Paschi di Siena (MPS) will meet investors in London on April 4, two sources close to the bank told Reuters, as the Tuscan lender seeks to soothe concerns over its turnaround progress. Monte dei Paschi is grappling with falling revenues and high bad loans that led to an 8.1 billion euro (£7.1 billion) bailout last year, with Rome injecting 3.9 billion euros into the country's fourth-largest bank and investors shouldering the rest. Political uncertainty in Italy following an inconclusive general election adds to the nervousness surrounding Monte dei Paschi, which is 68 percent owned by the state.
Moody's Investors Service today assigned a provisional (P)Ba3 rating to the long-term senior non-preferred medium term note programme of Unione di Banche Italiane S.p.A. (UBI). The senior non-preferred ...
Unione di Banche Italiane Sp.A. (BIT:UBI), operating in the financial services industry based in Italy, saw significant share price volatility over the past couple of months on the BIT, risingRead More...
European shares fell to their lowest level in almost six months on Friday after a roller coaster week marred by a historic spike in volatility on worries a comeback of inflation would speed a shift to tighter monetary policies. Redemptions from European Equity funds reached 80-week highs, data from EPFR showed, while the pan-regional STOXX 600 (.STOXX) index ended at 368.61 points, down 1.5 percent on the day and 5 percent on the week, its worst week in 2 years. "It has certainly been a chaotic trading week for the global equity markets, amid fears of mounting inflationary pressures and higher interest rates," FXTM analyst Lukman Otunuga said.
Further consolidation in the banking industry is inevitable to help the sector cope with rising regulatory costs and the required hefty investments in technology, the head of Italy's UBI Banca said. Speaking at a Reuters Breakingviews event in Milan on Wednesday, UBI CEO Victor Massiah also said that banks, in order to perform, had to adapt to "a new normal" in terms of revenues while stepping up investments.
European Central Bank supervisors want euro zone lenders to reduce the weight of impaired loans so it falls below 10 percent of total debts fairly quickly, the head of Italy's fifth-largest bank UBI said on Thursday. The ECB is pressuring European lenders to tackle a $1 trillion pile of debts that turned sour due to an economic slump. In Italy, problematic loans still account for around 16 percent of total lending three years after the recession ended.
Intesa Sanpaolo's (ISP.MI) shift in strategy to sell part of its prized bad loan unit could prompt other Italian banks to follow suit with Banco BPM (BAMI.MI) and UBI (UBI.MI) seen as possible candidates, industry and financial sources said. Intesa, which had bet on recovering its problematic loans internally, said last week it was in talks with Scandinavian debt collector Intrum Justitia (INTRUM.ST) on a possible sale of its collection business and a chunk of its 53.6 billion euros ($66 billion) in soured debts. Sources familiar with the matter said the business has been valued at about 500 million euros ($612 million), a price tag that broker Equita SIM termed a "once in a lifetime" opportunity.
Italy's 10-year bond yield rose and Milan-listed bank shares fell on Wednesday following on prospects the country will hold a national election in March, raising concerns about political stability in the euro zone's third biggest economy. Italy's parliament will be dissolved between Christmas and the New Year with national elections probably set for March 4, a parliamentary source in contact with the president's office said on Wednesday. A national election must be held by May, but most political parties are keen to hold one as soon as possible.
MILAN/LONDON (Reuters) - Italy's top bank UniCredit raised its 2019 dividend goal and pledged to shed more soured debts as it pressed on with a turnaround under CEO Jean Pierre Mustier, fending off adverse regulatory changes. UniCredit hired the former Societe Generale executive, 56, in the middle of 2016 to put to rest long-standing concerns over its weak balance sheet. UniCredit's shares have gained around 80 percent since his appointment.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for UBI Banca SpA. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
By Kit Rees LONDON (Reuters) - European shares ended little changed on Friday, underpinned by gains among heavyweight financial stocks, which helped the pan-European STOXX 600 (.STOXX) index snap a two-week ...
A new accounting principle dubbed IFRS 9, which comes into force in January, will pose particular problems for smaller Italian banks which are having trouble preparing because they lack good quality data, the Bank of Italy said on Friday. In its twice-yearly Financial Stability Report, the central bank calculated the IFRS 9 rule will take on average 38 basis points off Italian banks' best-quality capital. The estimated negative impact on smaller lenders is higher, at an average 47 basis points.