|Bid||0.9778 x 0|
|Ask||1.0320 x 0|
|Day's range||0.9816 - 0.9816|
|52-week range||0.0191 - 2.5100|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
MILAN/MADRID/FRANKFURT, March 24 (Reuters) - Corrado Sforza Fogliani is on the frontlines of European efforts to keep the region's economy alive amid the coronavirus pandemic. Buried in paperwork and with Rome and banking lobbies still at odds over who should be on the hook for defaults when a six-month debt holiday ends, Banca di Piacenza's loan officers have only been able to process a fraction of the 1,000 applications they have received.
You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org) and Julien Ponthus (email@example.com) in London. During the euro zone sovereign debt crisis, there was a direct link between Spanish or Italian banks and the debt issued by their respective governments. Sure other banks like Banco Santander are suffering with a 4.5% fall but that's still below the European average for the sector.
Statistically speaking, long term investing is a profitable endeavour. But no-one is immune from buying too high...
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: firstname.lastname@example.org AUTOS: "NO REASON TO GET BULLISH" (1204 GMT) If you ever though about buying into European autos lured by their cheapness, here's a UBS note that could change your mind. OEMs still have a cost issue (high investments & margin pressure from CO2 compliance) that will also negatively affect supplier earnings in 2020 That said (and not to mention the risk that Trump makes EU cars his next trade war target ), UBS believes cost cutting alone is unlikely to offset these negatives and anticipates consensus downgrades further down the road.
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: email@example.com HISTORY LESSONS: CRISES CAN BE BUYING OPPORTUNITIES (0926 GMT) Stocks may be in a precarious state today and more downside looks still likely, but the idea that this new China virus crisis could turn out to be a buying opportunity is bouncing around in more than one broker note. Today Deutsche Bank says something similar on airlines.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
European shares touched their highest level since January 2018 on Monday, boosted by carmakers and miners on hopes that the United States and China were closer to getting a trade deal, while a drop in banks led by HSBC capped gains. U.S. President Donald Trump said he expected to sign a significant part of the trade deal with China ahead of schedule but did not elaborate on the timing.
Spain's state-owned Bankia signalled on Monday that lending income could fall slightly in 2019 compared to 2018, hurt by ultra-low interest rates which are expected to erode margins further. Like other European banks, Spanish lenders are grappling with the consequences of the European Central Bank's September decision to cut its key deposit rate further into negative territory, making it tough for banks to earn money from their traditional lending business. In July, even before the ECB rate cut, Bankia said that it would be unable to meet its 1.3 billion euro (1.12 billion pounds) net profit target in 2020.
State-owned lender Bankia on Monday reported a 31.6% fall in second-quarter net profit from a year earlier due to lower trading income although income from loans showed some signs of stability. Like many other European banks, Spanish lenders are struggling to increase earnings from lending because of ultra-low interest rates and tough competition. To offset the impact of increasing competition on financial margins, Bankia is shifting its focus from its mostly-mortgage loan book towards a more profitable consumer and enterprise business.
Spain's Bankia, majority owned by the state, posted a drop in first-quarter net profit on Monday due to lower trading income as attention turned to privatisation prospects after an election made a left-wing coalition likely. The Socialists, who won the most votes in Sunday's election but will need at least one partner to govern, are expected to turn to far left-wing party Podemos, which has floated the idea that Bankia could become a permanent national bank. Podemos has also lobbied for Bankia to offer services based on social, as well as market, considerations and had advocated a supplementary tax on banks' earnings.