|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||10.40 - 10.53|
|52 Week Range||8.18 - 18.13|
|Beta (5Y Monthly)||1.88|
|PE Ratio (TTM)||11.69|
|Forward Dividend & Yield||0.58 (5.44%)|
|Ex-Dividend Date||Apr 19, 2022|
|1y Target Est||8.39|
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UniCredit boss Andrea Orcel has hired a top public relations firm to repair his battered reputation with Italian bureaucrats and government officials following last year’s aborted takeover of Monte dei Paschi di Siena. The move comes as the chief executive of Italy’s second-largest bank tries to bolster its domestic business, which accounts for almost half of its revenues. Relations with Rome were strained last year after the long-planned takeover by UniCredit of the ailing Monte dei Paschi di Siena bank — majority owned by the state following a 2017 bailout — was derailed after the two sides failed to agree on the amount of capital that would need to be injected for the deal to go through.
MILAN (Reuters) -Italy's biggest bank Intesa Sanpaolo's on Friday reported forecast-beating second quarter profit thanks to higher interest rates, and said it would finalise capital return plans once it had a clearer idea of potential pitfalls. Intesa is aiming to approve an interim dividend of at least 1.1 billion euros ($1.1 billion) in November when, according to CEO Carlo Messina, there will be a "clear understanding" of Europe's economic predicament and Intesa's chances of liquidating its Russian business. The bank confirmed its full-year financial targets after net profit for April-June came in at 1.33 billion euros, down 12% from a year ago but well ahead of a Reuters analyst consensus of 1.03 billion euros.
European shares scaled near seven-week highs on Wednesday as a string of strong results from companies including Russia-exposed lender UniCredit and Britain's Smurfit Kappa provided some comfort in an otherwise gloomy environment. The STOXX 600 index closed 0.5% higher, with shares of French IT consulting firm Atos surging 16.2% to top the index on securing financing for a turnaround plan.