Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. UniCredit S.p.A.
  6. News
  7. Summary
    UCG   IT0005239360

UNICREDIT S.P.A.

(UCG)
  Report
Delayed Borsa Italiana  -  11:37 2022-12-02 am EST
12.54 EUR   -0.11%
07:17aUniCredit to reassess CEO pay ahead of general meeting
RE
12/02UniCredit seeks pay hike for CEO Andrea Orcel -FT
RE
12/02UniCredit Seeks Pay Hike For CEO Andrea Orcel - FT
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

UniCredit focused on "internal delivery", open to M&A in all its markets

09/21/2022 | 08:29am EST
FILE PHOTO: The headquarters of UniCredit bank is seen in downtown Milan

ROME (Reuters) - UniCredit is focused on delivering targets set under its business plan, though it remains ready to seize M&A opportunities in all the markets where it operates, CEO Andrea Orcel said on Wednesday.

Speaking at an event in Rome, Orcel sought to clarify comments that appeared on Tuesday in German newspaper Handelsblatt about growing UniCredit's market share in Germany, including possibly through mergers and acquisitions.

Orcel said he had not deviated from his standard message that M&A can provide a way to accelerate growth in all the markets where UniCredit is present if opportunities arise "at the right conditions."

Orcel has previously said he would consider deals that strengthened UniCredit's franchise, increased returns for investors without endangering the bank's remuneration goals.

"We're a lot more focused on internal delivery," he said.

"When I took this job, UniCredit's stance was 'no M&A' while I said that at the right conditions M&A can be an accelerator. This, together with the fact that I've done my fair share of M&A deals in the past, made everyone think we would do deals, that a financial tsunami was on the cards."

Orcel, one of Europe's most experienced investment bankers, joined UniCredit in April last year after two decades at Merrill Lynch Bank of America which he left in 2012 to head the investment banking arm of UBS.

(Reporting by Giuseppe Fonte; writing by Valentina Za; editing by Keith Weir)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -1.29% 36.08 Delayed Quote.-18.90%
UNICREDIT S.P.A. -0.11% 12.536 Delayed Quote.-7.44%
All news about UNICREDIT S.P.A.
07:17aUniCredit to reassess CEO pay ahead of general meeting
RE
12/02UniCredit seeks pay hike for CEO Andrea Orcel -FT
RE
12/02UniCredit Seeks Pay Hike For CEO Andrea Orcel - FT
RE
12/02Unicredit seeks pay hike for andrea orcel - ft…
RE
12/02Explainer-ECB to start offloading debt to fight inflation
RE
12/02UniCredit Sets Up Bonus Payment To Cope With Rising Inflation
MT
12/02European Midday Briefing: Stocks Held Back With Focus on US Job..
DJ
12/02UniCredit to pay bonus, replace 850 older branch staff in Italy
RE
12/01UniCredit completes second share buyback of 1 billion euros
RE
12/01Italy's UniCredit Buys Back 1 Billion Euros of Shares
MT
More news
Analyst Recommendations on UNICREDIT S.P.A.
More recommendations
Financials
Sales 2022 19 427 M 20 370 M 20 370 M
Net income 2022 4 601 M 4 825 M 4 825 M
Net Debt 2022 - - -
P/E ratio 2022 5,72x
Yield 2022 6,28%
Capitalization 24 556 M 25 748 M 25 748 M
Capi. / Sales 2022 1,26x
Capi. / Sales 2023 1,27x
Nbr of Employees 75 858
Free-Float 86,7%
Chart UNICREDIT S.P.A.
Duration : Period :
UniCredit S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNICREDIT S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 12,54 €
Average target price 16,56 €
Spread / Average Target 32,1%
EPS Revisions
Managers and Directors
Andrea Orcel Chief Executive Officer
Stefano Porro Group Chief Financial Officer
Pietro Carlo Padoan Chairman
Jingle Pang Group Head-Digital & Information Officer
Ranieri de Marchis Co-COO & General Manager
Sector and Competitors