UniCredit S.p.A. (UCGN.MX)
| Previous Close | 572.10 |
| Open | 0.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 572.10 - 572.10 |
| 52 Week Range | 407.18 - 572.10 |
| Volume | |
| Avg. Volume | 6,553 |
| Market Cap | 1.358T |
| Beta (5Y Monthly) | 1.50 |
| PE Ratio (TTM) | 847.56 |
| EPS (TTM) | 0.68 |
| Earnings Date | May 06, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
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ReutersUniCredit CEO confident some excess capital can be used for M&A
MILAN (Reuters) -It would be "disappointing" if the strict criteria UniCredit has set for considering potential acquisitions prevented the Italian bank from deploying at least part of its ample excess capital in this way, its chief executive said. "My view is that at some point you need to build the business, so M&A at the right price is better (than distribution)," CEO Andrea Orcel told the Morgan Stanley investor conference in London on Wednesday. In the absence of good M&A opportunities, UniCredit would need to add 1.5 billion to 2.0 billion euros ($1.6-$2.2 billion) a year to its ordinary capital distribution, which is already among the highest in Europe as a combination of share buybacks and cash dividends.
- Reuters
UPDATE 2-UniCredit CEO confident some excess capital can be used for M&A
It would be "disappointing" if the strict criteria UniCredit has set for considering potential acquisitions prevented the Italian bank from deploying at least part of its ample excess capital in this way, its chief executive said. "My view is that at some point you need to build the business, so M&A at the right price is better (than distribution)," CEO Andrea Orcel told the Morgan Stanley investor conference in London on Wednesday. In the absence of good M&A opportunities, UniCredit would need to add 1.5 billion to 2.0 billion euros ($1.6-$2.2 billion) a year to its ordinary capital distribution, which is already among the highest in Europe as a combination of share buybacks and cash dividends.
