|Bid||14.452 x 0|
|Ask||14.584 x 0|
|Day's Range||14.448 - 14.692|
|52 Week Range||13.530 - 18.377|
|PE Ratio (TTM)||5.23|
|Earnings Date||Aug 6, 2018|
|Forward Dividend & Yield||0.32 (2.24%)|
|1y Target Est||19.84|
Italy's biggest bank, UniCredit is reportedly exploring a merger with France's Societe Generale in a move that would see the European banks leading the way for banking mergers on the continent. Ciara Lee reports.
Jun.04 -- Italian bank UniCredit SpA is considering a merger with France’s Societe Generale SA, a move that would combine two of Europe’s largest financial institutions, the Financial Times reported Sunday. Jonathan Tyce of Bloomberg Intelligence analyzes the potential for a deal on "Bloomberg Surveillance."
Moody's Investors Service today assigned Counterparty Risk Ratings (CRRs) to the following rated 18 banking groups: UniCredit S.p.A. and its branches in New York and London, Intesa Sanpaolo S.p.A., its branches in New York, London, and Hong Kong, and its subsidiary Banca IMI S.p.A., Banco BPM S.p.A., Banca Monte dei Paschi di Siena S.p.A., its London branch, and its subsidiary MPS Capital Services S.p.A., Unione di Banche Italiane S.p.A., Banca Nazionale del Lavoro S.p.A., Mediobanca S.p.A., BPER Banca S.p.A., Credit Agricole Cariparma S.p.A., Credito Emiliano S.p.A., Banca Carige S.p.A., Credito Valtellinese S.p.A., Banca Sella Holding S.p.A., Unipol Banca S.p.A., Banca del Mezzogiorno -- MCC S.p.A., Mediocredito Trentino-Alto Adige S.p.A. Moody's Counterparty Risk Ratings (CRRs) are opinions of the ability of entities to honour the uncollateralized portion of non-debt counterparty financial liabilities (CRR liabilities) and also reflect the expected financial losses in the event such liabilities are not honoured.
One of the most difficult industry to value is banking, given that they adhere to different rules compared to other companies. For instance, banks must hold a certain level ofRead More...
Sterling has continued to rise following the BOE’s closer-than-expected vote on a rate rise and UniCredit expects GBP/USD to stabilize above 1.32.
Italy's De Cecco said on Monday it had appointed a former Nomad Foods top manager as its new chief executive, the first non-family member to lead the pasta maker as the group sets out for a market listing. De Cecco, which also sells olive oil, pasta sauces and rice, was founded in 1886 by the eponymous family in the central region of Abruzzo.
Major currencies should be relatively calm this week, keeping volatility low, said UniCredit, with a Bank of England meeting and the ECB forum in Portugal “unlikely to trigger big currency reactions.”
The margin for a rebound in the euro “has now become more constrained” after the ECB monetary policy decision on Thursday, said UniCredit.
The Société Générale deal with UniCredit might be another 18 months away, say some bankers. “In times of ever-deepening geopolitical tensions, do we want to leave the important allocation function of the banking system largely to foreign institutions?” Deutsche Bank’s new chief executive, Christian Sewing, said in a a speech in Berlin on Tuesday.
Societe Generale SA Chief Executive Officer Frederic Oudea poured cold water on speculation about a potential tie-up with foreign banks, days after being mooted as a target for Italy’s UniCredit SpA. “I don’t believe at all” in European cross-border mergers, Oudea said Thursday at a conference in Frankfurt, highlighting that capital requirements for too-big-to-fail institutions discourage large mergers in Europe. While he didn’t mention the Italian rival by name, Oudea was reacting to analysts’ questions on M&A by saying that seeking a big tie-up is not a priority for SocGen.
The zloty led a retreat of Central European currencies as the Polish central bank is expected to reaffirm its loose policy stance on Wednesday, while the European Central Bank gave hawkish signals. The ...
Sterling is likely to be driven by Brexit negotiations in the run-up to the EU Summit on June 28 and 29, said UniCredit.
One of the most difficult industry to value is banking, given that they adhere to different rules compared to other companies. The tiered capital structure is common for banks toRead More...
A WAVE of bank mergers across Europe are expected to follow from news that Italy’s biggest bank is in talks to combine with France’s Société Générale. SocGen, which has more than 4000 UK staff, most of them in the City of London, has been considering a tie-up with UniCredit for some time. Political turmoil and economic weakness in Italy have delayed a formal move, but reports suggest it is now strongly on the cards.
Everyone can agree that Europe needs fewer banks, and that more mergers would help achieve that. Talk of a merger of Italy's UniCredit SpA and France's Societe Generale SA, however logical, needs to answer this conundrum if it's to amount to more than an exercise in flying a kite. On Sunday, the Financial Times reported that UniCredit CEO Jean Pierre Mustier — a top executive at Societe Generale until 2009 — sees his former firm as an ideal partner for the Italian bank.
Italian bank UniCredit SpA is considering a merger with France’s Societe Generale SA, a move that would combine two of Europe’s largest financial institutions, the Financial Times reported Sunday. Jonathan ...
The week is kicking off with buzz around the potential for a big merger among European banks, following a report that Italy’s UniCredit is considering a merger with France’s Société Générale. UniCredit hasn’t made a formal approach, and officials at both banks are in early-stage talks, said a Financial Times report on Sunday. SocGen on Monday denied any board discussions about a possible marriage with the Italian bank, and UniCredit declined to comment.
PARIS (Reuters) - Brokerage Kepler raised its rating on France's Societe Generale (SOGN.PA) to "buy" from "hold" on Monday, following the Financial Times' report that UniCredit (CRDI.MI) ...
PARIS (Reuters) - Shares in French bank Societe Generale (SOGN.PA) and its Italian rival UniCredit (CRDI.MI) rose on Monday after the Financial Times reported that both banks were exploring a merger. SocGen ...