|Bid||2.8200 x 0|
|Ask||2.8580 x 0|
|Day's Range||2.8160 - 2.9020|
|52 Week Range||2.0370 - 3.0930|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||8.58|
|Earnings Date||Feb 10, 2020|
|Forward Dividend & Yield||0.12 (4.15%)|
|Ex-Dividend Date||May 20, 2019|
|1y Target Est||3.33|
Moody's Investors Service (Moody's) today assigned a B2(hyb) rating to the E400 million Additional Tier 1 non-viability contingent capital instruments to be issued by Unione di Banche Italiane S.p.A. (UBI Banca, Baa2 Stable/Baa3 Stable, ba2). The B2(hyb) rating assigned to the notes is based on (1) the standalone creditworthiness of UBI Banca as expressed by the bank's ba2 Baseline Credit Assessment (BCA); (2) the high loss-given-failure under Moody's Advanced Loss Given Failure (LGF) analysis, resulting in one notch downward adjustment from the BCA; and (3) the higher payment risk associated with the non-cumulative coupon skip mechanism, resulting in a further two notches of downward adjustment. According to Moody's framework for rating banks' non-viability securities, the agency typically positions Additional Tier 1 securities three notches below the bank's Adjusted BCA.
Could Unione di Banche Italiane S.p.A. (BIT:UBI) be an attractive dividend share to own for the long haul? Investors...
European stocks rallied on Thursday as investors snapped up battered shares of eurozone banks after the U.S. Federal Reserve toned down expectations of further interest rate cuts. Shares of Italian and Spanish banks including Bankia SA , UBI Banca and Banco Sabadell were among the top gainers on the STOXX 600 after the Fed cut rates as expected on Wednesday, but signalled there would be a higher bar to further cut in borrowing costs. European banks, along with sectors such as miners and automakers, have gained in the recent weeks as investors rotated into cyclical sectors due to signs of easing U.S.-China trade tensions and assurances of support from major central banks.
Rating Action: Moody's affirms UBI Banca's ratings; outlook on Baa3 senior debt ratings changed to stable. Global Credit Research- 30 Jul 2019. Paris, July 30, 2019-- Moody's Investors Service, today affirmed ...
The rescue of Carige is in disarray after U.S. giant BlackRock last month pulled out of a plan to provide the bulk of a proposed 720 million euro ($807 million) capital injection for the Genoa-based bank. The commissioners appointed in January by the European Central Bank are racing against the clock to find an alternative buyer, and stave off the risk of liquidation. "We expect news from the commissioners in the coming days", UBI CEO Victor Massiah said on the sidelines of an event in Rome, adding that "a market solution would be preferable".
Funds that built big short positions in Italy's leading banks from early 2018 have lowered the size of their bets in the last few months as political worries eased, regulatory data shows. Despite a looming budget showdown between Rome and Brussels, a Reuters analysis of data from Italian market regulator Consob shows that as of May 21 there were no net short positions above 0.5% in shares of Italy's two largest banks. Consob discloses changes in short positions above 0.5% and in 2018 funds had short positions in Intesa Sanpaolo and UniCredit which were above this level.
Italian lender Bper Banca is not looking to lead a rescue of ailing rival Carige after U.S. asset manager BlackRock dropped a potential bid for the Genoa-based bank, CEO Alessandro Vandelli said. "I'm not studying the dossier," Vandelli said on the sidelines of a banking industry meeting on Wednesday, when asked if Bper could replace BlackRock as the leading investor in Carige. The U.S. fund has dropped plans to provide the bulk of a proposed 720 million euro (625 million pounds) capital injection into Carige.
VERONA, Italy (Reuters) - Italy's third biggest lender, Banco BPM, could be interested in tie-ups with banks close to its home turf in the north of the country, its CEO said on Saturday in comments that ...
Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese President Xi Jinping, including 10 with Italian companies and others with ministries and public bodies. Italian Deputy Prime Minister Luigi Di Maio said the deals were worth an initial 2.5 billion euros ($2.8 billion) but had a potential value of 20 billion. Italy's state lender Cassa Depositi e Prestiti (CDP) signed an agreement with Bank of China to let it sell "Panda" bonds - debt sold by foreign entities to investors in mainland China.
European stock markets deepened losses on Friday, closing near session lows, as fears of a slowdown in global growth after weak manufacturing data from across Europe were exacerbated by dismal data from the United States. After downbeat manufacturing activity from Germany reignited fears of a recession in the region's biggest economy, the inversion of the U.S. yield curve after similar U.S. data stoked fears that the world's largest economy may also be slipping into recession. The classic gauge of fear – known as implied volatility, which tracks demand for options in European stocks – hit more than 9-week highs and posted its biggest weekly rise in a year, the first concrete sign of activity in a while.
Announcement: Moody's announces completion of a periodic review of ratings of Unione di Banche Italiane S.p.A. Paris, March 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Unione di Banche Italiane S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
MILAN/LONDON (Reuters) - European shares fell from five-month highs on Thursday after the European Central Bank changed its interest rate guidance and announced a new round of cheap bank loans sooner than expected, though with tougher terms than previous rounds. Euro zone banks sank 3.3 percent, their worst day since Dec. 6, as the ECB's announcement of a new Targeted Long-Term Refinancing Operation (TLTRO) failed to soothe investors' concerns about the pushing out of rate hikes. "Bank stocks are the more volatile expression of market fears about the growth outlook, and pushing rate hikes into next year makes it tough to see bank earnings growing," Kilmurray, who has an overweight position in euro zone banks, added.