|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||15.14 - 15.29|
|52-week range||9.36 - 16.70|
|Beta (5Y monthly)||1.43|
|PE ratio (TTM)||11.70|
|Forward dividend & yield||1.46 (9.30%)|
|Ex-dividend date||21 Nov 2022|
|1y target est||21.35|
UniCredit is not under pressure to raise the interest rates it pays on retail deposits, which account for about 60% of its deposit base and are "very sticky", Chief Executive Andrea Orcel said on Wednesday. "Most banks have liquidity ratios that are off the charts," he said, adding that the European Central Bank would only be forced to intervene in case of a "dramatic dislocation" which at present there is no reason to fear.
Italian bank Intesa Sanpaolo's Russian subsidiary saw profits more than six times higher in 2022 than the year before, independent audit documents showed, as Western sanctions on Russia's banking sector gave foreign lenders an unlikely boost. Foreign banks have stepped in to take business from Russian lenders who fell under sweeping Western sanctions imposed following Moscow's decision to send tens of thousands of troops into Ukraine last February. Intesa's Russian subsidiary made net profit of 2.02 billion roubles ($26.7 million) in 2022, up from 317 million roubles in 2021, the documents showed, a 538% rise.
Shares in leading Italian banks UniCredit and Intesa Sanpaolo fell sharply on Friday following a sell-off in U.S. and Asian banks driven by concerns lenders potentially face losses on their government bond portfolios. The rise in interest rates has hammered the value of those portfolios, with Italian banks seen as particularly exposed given the risk premiums investors demand to hold Italian paper rather than higher-rated German government bonds. However, European Central Bank Chief Supervisor Andrea Enria warned last November that "this accounting configuration gives a false sense of security in the face of shocks and volatility, in that actual changes in fair value are not reflected in the banks' earnings and regulatory capital figures."