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UniCredit S.p.A. (UNCRY)

30.30

+0.05

+(0.17%)

At close: May 9 at 4:00:00 PM EDT

Commerzbank delivers surprise profit jump as it fends off UniCredit

FRANKFURT (Reuters) -Commerzbank, fending off a possible takeover by Italy's UniCredit, said on Friday that net profit rose nearly 12% in the first quarter, beating expectations despite strong headwinds for the German economy. The earnings set the stage for an annual shareholder meeting next week when Commerzbank management will seek investor backing for a continued standalone strategy. Commerzbank's results were helped by stronger than expected interest and commission income, and by lower than expected provisions for bad loans.

Reuters yesterday

UNCRY
+0.17%

CBK.DE
Commerzbank staff to protest possible UniCredit takeover at annual meeting

FRANKFURT (Reuters) -Commerzbank employee representatives are calling on staff to protest against a possible takeover by the Italian bank UniCredit, signalling that resistance to any deal remains fierce. The event is scheduled two hours before the German lender's annual general meeting on May 15. "We want to make it clear once again how important Commerzbank's independence is and that we know how to defend it," said a letter from employee representatives announcing the protest.

Reuters 4 days ago

UNCRY
+0.17%

CBK.DE
Stocks to watch this week: Palantir, TSMC, Novo Nordisk and JD Wetherspoon

Earnings preview of key companies reporting this week and what to look out for.

Yahoo Finance UK 5 days ago

ARM

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UniCredit S.p.A. Unsponsored ADR (UNCRY) is a Great Momentum Stock: Should You Buy?

Does UniCredit S.p.A. Unsponsored ADR (UNCRY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks 11 days ago

UNCRY
+0.17%
Private Equity Firms Target Defense Assets Once Seen as Toxic

(Bloomberg) -- Private equity firms are scouring for investment opportunities in European defense, chasing the once shunned sector in an effort to benefit from a historic switch to military expansion in the region.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryNYC’s Congestion Toll Raised $159 Million in the First QuarterUS Cricket Deepens Bet on Texas With HQ Shift From CaliforniaLos Angel

Bloomberg 11 days ago

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SNY

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Banco BPM formally rejects UniCredit takeover offer

MILAN (Reuters) -Italy's third-largest bank Banco BPM on Thursday formally rejected a takeover bid by bigger rival UniCredit, saying the price was too low and that its shareholders would be penalised in the combined entity. UniCredit has the right until June 30 to drop the offer. "We find it really quite awkward that already three of the conditions UniCredit has included in their offer have not been fulfilled," Banco BPM Chairman Massimo Tononi told a conference call.

Reuters 15 days ago

UNCRY
+0.17%

BAMI.MI
UniCredit pauses Banco BPM offer over Italian government conditions

The conditions concern the merged entity's credit activity, liquidity management, and UniCredit’s operations in Russia.

Retail Banker International 15 days ago

UNCRY
+0.17%

BAMI.MI
Italy says terms for UniCredit-BPM tie-up avoid helping Russia

ROME (Reuters) -Italy deemed it necessary to set binding conditions before clearing UniCredit's proposed bid for Banco BPM to avoid "even the slightest risk" of aiding Russia's economy where UniCredit operates, a decree seen by Reuters showed. UniCredit said on Tuesday the prescriptions could impair its ability to act "prudently" in the future, and it could not take any decisions on the bid until concerns it immediately raised with the government were addressed. Following supervisory demands, UniCredit has sharply cut its exposure to Russia, but it still runs a local subsidiary, having failed to exit before tighter rules made it near impossible.

Reuters 17 days ago

UNCRY
+0.17%

BAMI.MI
UniCredit Puts Decision on Banco BPM Bid on Hold After Italy Imposes Conditions

The bank said the conditions would constrain how the combined entity ran its future credit activities and liquidity.

The Wall Street Journal 17 days ago

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UNCRY
+0.17%
UniCredit says Banco BPM bid can't go ahead with government's conditions

MILAN (Reuters) -UniCredit said on Tuesday its ability to make "sound" decisions could be impaired by the conditions Italy set to clear the bank's bid for Banco BPM, and it could not proceed further unless its concerns are addressed. Growing uncertainty over the fate of UniCredit's 13 billion-euro ($15 billion) all-share bid drove Banco BPM's shares down 2% by 1020 GMT. UniCredit CEO Andrea Orcel has repeatedly said he is ready to drop the tender offer for BPM, despite the good strategic fit, if the deal does not meet his financial metrics.

Reuters 18 days ago

UNCRY
+0.17%

BAMI.MI
Treasury Yields Rise as Trump Picks on Powell

Treasury yields rose as President Trump threatened to fire Fed Chair Jerome Powell and called for lower interest rates, something the Fed leader has indicated may not come soon.

The Wall Street Journal 22 days ago

UNCFF

UNCRY
+0.17%
UniCredit gains German cartel office nod for Commerzbank stake hike

The recent approval could support UniCredit's plans for cross-border banking consolidation in Europe.

Retail Banker International 24 days ago

UNCRY
+0.17%

CBK.DE
European Dividend Stocks To Consider For Your Portfolio

Amid escalating trade tensions and market volatility, European stocks have experienced a challenging period, with major indices like the STOXX Europe 600 Index posting declines. However, the temporary delay in U.S. tariffs has provided some relief, highlighting the importance of stable dividend-paying stocks that can offer investors a measure of income stability during uncertain times.

Simply Wall St. 25 days ago

HEIJM.AS

UNCFF

UNCRY
+0.17%
EBRD and UniCredit Bank sign synthetic securitisation deal in Romania

The agreement involves the EBRD providing credit protection of up to €77.5m on the mezzanine tranche of the securitisation.

Leasing Life 28 days ago

UNCRY
+0.17%
Credit Agricole Gets ECB Nod to Raise BPM Stake as UniCredit Readies Bid Launch

The French bank said that the ECB on Tuesday authorized Credit Agricole to cross the 10% threshold in the Italian bank’s share capital and to hold up to a 19.9% stake in Banco BPM.

The Wall Street Journal last month

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UNCRY
+0.17%

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UniCredit nears launch of Banco BPM bid as Credit Agricole ups stake

Credit Agricole got the all clear to take a bigger stake in Italy's Banco BPM, posing a hurdle to UniCredit which said on Wednesday it would launch its 14 billion euro ($15 billion) tender offer for BPM on April 28. UniCredit's takeover offer is one of a series of hostile bids shaking up Italy's banking sector, which has rebuilt capital reserves from record profits fuelled by high interest rates, after a bad loan clean-up. Italy's second-biggest bank said its tender offer, cleared by market watchdog Consob, will run until June 23.

Reuters last month

UNCRY
+0.17%

BAMI.MI
UniCredit secures ECB, Bank of Italy nod for Banco BPM bid

The authorisations mark the final step before Italian securities regulator Consob can complete the review of the offer document.

Retail Banker International last month

UNCRY
+0.17%

BAMI.MI
UniCredit gets ECB approval for Banco BPM buy, to weigh options

UniCredit, Italy's second-biggest bank, has received European Central Bank authorisation for its 14 billion euro all-share offer to buy smaller rival Banco BPM. UniCredit's offer for BPM is one of several hostile bids rocking Italian banking, which underwent a painful clean-up after the 2008-2012 crisis years but has recently enjoyed record profits due to high interest rates. UniCredit said that its board would approve on Sunday the share issue to fund the bid, which its shareholders authorised on Friday.

Reuters last month

UNCRY
+0.17%

BAMI.MI
UniCredit, UBS, Nomura Lose Attempt to Cancel Crisis-Era EU Bond Cartel Fines

The EU’s general court largely backed the Commission’s decision to fine the banks in connection with a government bonds cartel.

The Wall Street Journal last month

UNCFF

UNCRY
+0.17%

UBS
UniCredit CEO says Commerzbank decision could take even longer

LONDON (Reuters) -UniCredit's CEO Andrea Orcel said on Wednesday he may need to wait until 2027 before deciding whether to try and take over Commerzbank, as Germany's fiscal splurge pumped up the bank's shares and he needed to examine any deal's value. Orcel thrust his bank into two M&A situations last year by acquiring up to 30% in Germany's Commerzbank through derivatives and bidding for Italian peer Banco BPM. UniCredit received approval from the European Central Bank last week to convert those derivatives into up to 29.9% of Commerzbank shares.

Reuters last month

UNCRY
+0.17%

Performance Overview

Return	UNCRY	FTSE MIB Index (FTSEMIB.MI)
YTD	+51.12%	+15.16%
1-Year	+56.75%	+14.65%
3-Year	+674.12%	+72.43%

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UniCredit S.p.A. (UNCRY)

Commerzbank delivers surprise profit jump as it fends off UniCredit

Commerzbank staff to protest possible UniCredit takeover at annual meeting

Stocks to watch this week: Palantir, TSMC, Novo Nordisk and JD Wetherspoon

UniCredit S.p.A. Unsponsored ADR (UNCRY) is a Great Momentum Stock: Should You Buy?

Private Equity Firms Target Defense Assets Once Seen as Toxic

Banco BPM formally rejects UniCredit takeover offer

UniCredit pauses Banco BPM offer over Italian government conditions

Italy says terms for UniCredit-BPM tie-up avoid helping Russia

UniCredit Puts Decision on Banco BPM Bid on Hold After Italy Imposes Conditions

UniCredit says Banco BPM bid can't go ahead with government's conditions

Treasury Yields Rise as Trump Picks on Powell

UniCredit gains German cartel office nod for Commerzbank stake hike

European Dividend Stocks To Consider For Your Portfolio

EBRD and UniCredit Bank sign synthetic securitisation deal in Romania

Credit Agricole Gets ECB Nod to Raise BPM Stake as UniCredit Readies Bid Launch

UniCredit nears launch of Banco BPM bid as Credit Agricole ups stake

UniCredit secures ECB, Bank of Italy nod for Banco BPM bid

UniCredit gets ECB approval for Banco BPM buy, to weigh options

UniCredit, UBS, Nomura Lose Attempt to Cancel Crisis-Era EU Bond Cartel Fines

UniCredit CEO says Commerzbank decision could take even longer

Performance Overview