Latest news with #UniCreditS.p.A.
Yahoo
7 days ago
- Business
- Yahoo
‘Best year ever': UniCredit delivers record earnings, raises 2025 outlook
UniCredit S.p.A. has kicked off the European banking earnings season with a stellar performance, surpassing analyst expectations and raising its full-year guidance, buoyed by robust core revenues and pristine asset quality. The Milan-based lender posted a record net profit of €3.3 billion in the second quarter of 2025, lifting its first-half earnings to €6.1 billion. Earnings per share surged to €2.16, up 34% year-on-year and well ahead of the €1.55 forecast. Core revenue rose 1.3% annually to €5.9 billion in the quarter. According to the bank, these results are transforming what was meant to be a "transitional year into the best year ever." 'UniCredit has achieved outstanding financial results, with a record-breaking Q2 contributing to the best H1 in the bank's history,' said Chief Executive Officer Andrea Orcel. 'We are protected for the future as our low cost of risk, strong asset quality and unmatched overlays safeguard against potential macroeconomic downturns,' he added. Upgraded outlook and investor payouts In a further sign of confidence, UniCredit raised its full-year 2025 net profit guidance to approximately €10.5 billion, up from a prior target of more than €9.3 billion. The bank also lifted its net revenue outlook to above €23.5 billion and upgraded its return on tangible equity (ROTE) forecast to around 20%, from previously over 17%. Longer-term projections were also improved, with 2027 earnings now expected to reach at least €11 billion, up from circa €10 billion. The bank raised its distribution guidance to equal to or above €9.5 billion for 2025, including a cash dividend of at least €4.75 billion. An interim cash dividend of about €2.1 billion is envisaged, representing a 46% increase year-on-year, with the ex-dividend date set for 24 November. In addition, a €3.6 billion share buy-back programme is slated to commence following the second-quarter results. Goldman Sachs analyst Chris Hallam praised UniCredit's 'beat and raise' performance, highlighting the bank's continued earnings momentum and shareholder-friendly capital distribution. Related Asian markets rise, Toyota up by 14% after US tariff deal Billion euro deal: Sanofi buys UK biotech company to expand respiratory vaccine portfolio Balance sheet resilience and strategic clarity UniCredit's gross non-performing exposure (NPE) ratio remained stable at 2.6%, while the cost of risk stayed at a low nine basis points in the first half—underscoring the group's asset quality and prudent provisioning. Separately, UniCredit withdrew its offer for Banco BPM, citing unresolved conditions linked to Italy's golden power regulations. Orcel noted that the ongoing uncertainty surrounding the authorisation process did not benefit shareholders or the bank, prompting the decision to pull the deal. While progress had been made with the Italian Administrative Tribunal (TAR), the European Commission's Directorate-General for Competition and the Italian government, the bank concluded that the timeline for resolving the regulatory hurdle exceeded the offer window. Market reaction and sector momentum Investors responded positively to the results and upgraded guidance. UniCredit shares rallied 2.6% in early Wednesday trading to €59.60, bringing year-to-date gains to 54%. The stock surged 56% in 2024 and 85% in 2023, making it one of Europe's best-performing financials. The Euro STOXX Banks index advanced 1.4%, outperforming the broader Euro STOXX 600, which rose 0.9%. Peers including Deutsche Bank, Banco Bilbao Vizcaya and Nordea Bank each gained 1.5%, while BNP Paribas rose 1.1% ahead of its second-quarter earnings release on Thursday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Euronews
23-07-2025
- Business
- Euronews
UniCredit delivers record earnings, raises 2025 outlook
UniCredit S.p.A. has kicked off the European banking earnings season with a stellar performance, surpassing analyst expectations and raising its full-year guidance, buoyed by robust core revenues and pristine asset quality. The Milan-based lender posted a record net profit of €3.3 billion in the second quarter of 2025, lifting its first-half earnings to €6.1 billion. Earnings per share surged to €2.16, up 34% year-on-year and well ahead of the €1.55 forecast. Core revenue rose 1.3% annually to €5.9 billion in the quarter. According to the bank, these results are transforming what was meant to be a "transitional year into the best year ever." 'UniCredit has achieved outstanding financial results, with a record-breaking Q2 contributing to the best H1 in the bank's history,' said Chief Executive Officer Andrea Orcel. 'We are protected for the future as our low cost of risk, strong asset quality and unmatched overlays safeguard against potential macroeconomic downturns,' he added. Upgraded outlook and investor payouts In a further sign of confidence, UniCredit raised its full-year 2025 net profit guidance to approximately €10.5 billion, up from a prior target of more than €9.3 billion. The bank also lifted its net revenue outlook to above €23.5 billion and upgraded its return on tangible equity (ROTE) forecast to around 20%, from previously over 17%. Longer-term projections were also improved, with 2027 earnings now expected to reach at least €11 billion, up from circa €10 billion. The bank raised its distribution guidance to equal to or above €9.5 billion for 2025, including a cash dividend of at least €4.75 billion. An interim cash dividend of about €2.1 billion is envisaged, representing a 46% increase year-on-year, with the ex-dividend date set for 24 November. In addition, a €3.6 billion share buy-back programme is slated to commence following the second-quarter results. Goldman Sachs analyst Chris Hallam praised UniCredit's 'beat and raise' performance, highlighting the bank's continued earnings momentum and shareholder-friendly capital distribution. Balance sheet resilience and strategic clarity UniCredit's gross non-performing exposure (NPE) ratio remained stable at 2.6%, while the cost of risk stayed at a low nine basis points in the first half—underscoring the group's asset quality and prudent provisioning. Separately, UniCredit withdrew its offer for Banco BPM, citing unresolved conditions linked to Italy's golden power regulations. Orcel noted that the ongoing uncertainty surrounding the authorisation process did not benefit shareholders or the bank, prompting the decision to pull the deal. While progress had been made with the Italian Administrative Tribunal (TAR), the European Commission's Directorate-General for Competition and the Italian government, the bank concluded that the timeline for resolving the regulatory hurdle exceeded the offer window. Market reaction and sector momentum Investors responded positively to the results and upgraded guidance. UniCredit shares rallied 2.6% in early Wednesday trading to €59.60, bringing year-to-date gains to 54%. The stock surged 56% in 2024 and 85% in 2023, making it one of Europe's best-performing financials. The Euro STOXX Banks index advanced 1.4%, outperforming the broader Euro STOXX 600, which rose 0.9%. Peers including Deutsche Bank, Banco Bilbao Vizcaya and Nordea Bank each gained 1.5%, while BNP Paribas rose 1.1% ahead of its second-quarter earnings release on Thursday.
Yahoo
15-05-2025
- Business
- Yahoo
UniCredit And 2 Other Leading European Dividend Stocks
As European markets navigate a landscape marked by mixed performances in major stock indexes and hopes for easing trade tensions between China and the U.S., investors are increasingly focused on stable income-generating opportunities. In this context, dividend stocks like UniCredit stand out as attractive options for those seeking reliable returns amidst economic uncertainty, offering a potential buffer against market volatility. Name Dividend Yield Dividend Rating Bredband2 i Skandinavien (OM:BRE2) 4.38% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.55% ★★★★★★ Julius Bär Gruppe (SWX:BAER) 4.38% ★★★★★★ Allianz (XTRA:ALV) 4.38% ★★★★★★ Rubis (ENXTPA:RUI) 6.75% ★★★★★★ St. Galler Kantonalbank (SWX:SGKN) 4.00% ★★★★★★ S.N. Nuclearelectrica (BVB:SNN) 9.48% ★★★★★★ HEXPOL (OM:HPOL B) 4.73% ★★★★★★ OVB Holding (XTRA:O4B) 4.50% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.60% ★★★★★★ Click here to see the full list of 230 stocks from our Top European Dividend Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: UniCredit S.p.A. is a commercial banking company operating in Italy, Germany, Central Europe, and Eastern Europe with a market cap of €87.62 billion. Operations: UniCredit S.p.A. generates revenue through its commercial banking services across Italy, Germany, Central Europe, and Eastern Europe. Dividend Yield: 5.2% UniCredit's dividend payments have been volatile over the past decade, though they have shown growth. The current payout ratio of 38.4% suggests dividends are well covered by earnings, with forecasts indicating continued coverage in three years at a 52.2% payout ratio. Despite trading below fair value and recent earnings growth, UniCredit faces challenges with a high level of bad loans (2.4%). Recent announcements include a €3.6 billion share buyback program and an early redemption of €1 billion notes, reflecting strategic financial maneuvers to enhance shareholder value amidst ongoing market activities like its stake acquisition in Commerzbank AG. Get an in-depth perspective on UniCredit's performance by reading our dividend report here. Our valuation report here indicates UniCredit may be undervalued. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Südwestdeutsche Salzwerke AG, with a market cap of €577.91 million, operates in the mining, production, and sale of salt across Germany, the European Union, and internationally. Operations: Südwestdeutsche Salzwerke AG generates its revenue primarily from the salt segment, which accounts for €273.17 million, supplemented by €63.75 million from waste management activities. Dividend Yield: 3.2% Südwestdeutsche Salzwerke AG offers a stable dividend profile with a payout ratio of 61.4%, indicating dividends are well-covered by earnings, while the cash payout ratio of 57% shows coverage by cash flows. Despite its dividend yield of 3.17% being below the top tier in Germany, SSH has consistently increased and maintained reliable dividends over the past decade. Recent financials show steady earnings growth, with net income at €32.53 million for 2024 and an upcoming annual dividend increase to €1.90 per share payable in late May 2025. Unlock comprehensive insights into our analysis of Südwestdeutsche Salzwerke stock in this dividend report. The valuation report we've compiled suggests that Südwestdeutsche Salzwerke's current price could be inflated. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: ABN AMRO Bank N.V. offers a range of banking products and financial services to retail, private, and business clients across the Netherlands, Europe, the United States, Asia, and globally with a market cap of €17.35 billion. Operations: ABN AMRO Bank's revenue is primarily derived from Personal & Business Banking (€3.82 billion), Corporate Banking (€3.43 billion), and Wealth Management (€1.58 billion). Dividend Yield: 6.5% ABN AMRO Bank's dividend yield of 6.48% ranks in the top 25% of Dutch dividend payers, with a payout ratio of 49.7%, indicating solid coverage by earnings. However, its dividend history is less stable, showing volatility and unreliability over nine years. Recent Q1 2025 results reported net income at €619 million, down from €674 million a year prior. The bank also completed significant fixed-income offerings totaling €2.25 billion earlier this year. Delve into the full analysis dividend report here for a deeper understanding of ABN AMRO Bank. Our comprehensive valuation report raises the possibility that ABN AMRO Bank is priced lower than what may be justified by its financials. Gain an insight into the universe of 230 Top European Dividend Stocks by clicking here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:UCG DB:SSH and ENXTAM:ABN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
28-02-2025
- Business
- Yahoo
Top Global Dividend Stocks For February 2025
As global markets navigate the complexities of geopolitical tensions, fluctuating consumer spending, and evolving trade policies, investors are increasingly seeking stability through dividend stocks. In such a volatile environment, stocks that offer reliable dividends can provide a steady income stream and potentially mitigate some market risks. Name Dividend Yield Dividend Rating Chongqing Rural Commercial Bank (SEHK:3618) 8.44% ★★★★★★ CAC Holdings (TSE:4725) 5.23% ★★★★★★ Tsubakimoto Chain (TSE:6371) 4.19% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.04% ★★★★★★ Nihon Parkerizing (TSE:4095) 3.86% ★★★★★★ GakkyushaLtd (TSE:9769) 4.39% ★★★★★★ DoshishaLtd (TSE:7483) 3.85% ★★★★★★ Yamato Kogyo (TSE:5444) 3.83% ★★★★★★ Chudenko (TSE:1941) 3.83% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.57% ★★★★★★ Click here to see the full list of 1443 stocks from our Top Global Dividend Stocks screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Dividend Rating: ★★★★★☆ Overview: UniCredit S.p.A. is a commercial banking institution operating in Italy, Germany, Central Europe, and Eastern Europe with a market capitalization of approximately €79.22 billion. Operations: UniCredit S.p.A.'s revenue is primarily derived from its operations in Italy (€10.85 billion), Germany (€5.19 billion), Central and Eastern Europe excluding Austria (€4.50 billion), Austria (€2.68 billion), and Russia (€1.44 billion). Dividend Yield: 5.8% UniCredit's dividend is well covered by earnings with a payout ratio of 41.9%, and its yield ranks in the top 25% of Italian dividend payers. However, the dividend history has been volatile, showing unreliability over the past decade. Despite recent earnings growth, future projections indicate a decline in earnings. The bank's strategic moves include acquiring a significant stake in Commerzbank, which could impact financial stability and future dividends amidst regulatory scrutiny and market reactions. Take a closer look at UniCredit's potential here in our dividend report. The analysis detailed in our UniCredit valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Shinnihon Corporation operates as a construction company in Japan with a market cap of ¥85.51 billion. Operations: Shinnihon Corporation generates revenue primarily through its Construction Business, which accounts for ¥68.67 billion, and Development segment, contributing ¥68.38 billion. Dividend Yield: 3.7% Shinnihon's dividend payments have been volatile over the past decade, though they are well covered by earnings and cash flows with payout ratios of 30.9% and 17%, respectively. Currently trading at a significant discount to estimated fair value, its dividend yield is slightly below the top tier in Japan. Recent announcements include a commemorative JPY 3 per share dividend for its 60th anniversary, bringing the total year-end dividend to JPY 30 per share for fiscal year ending March 2025. Navigate through the intricacies of Shinnihon with our comprehensive dividend report here. According our valuation report, there's an indication that Shinnihon's share price might be on the cheaper side. Simply Wall St Dividend Rating: ★★★★★★ Overview: Shizuoka Gas Co., Ltd. produces, supplies, and sells city gas in Japan with a market cap of ¥78.87 billion. Operations: Shizuoka Gas Co., Ltd. generates revenue from three main segments: Gas at ¥160.89 billion, LPG/Other Energy at ¥31.87 billion, and Other Businesses at ¥18.49 billion. Dividend Yield: 3.8% Shizuoka Gas offers a compelling dividend profile with a stable and growing dividend history over the past decade. The company recently announced an increase in dividends to JPY 27 per share for fiscal year 2024, up from JPY 15, and expects JPY 20.50 for the next quarter. With a payout ratio of 34.2% and cash coverage at 85.4%, dividends are well-supported by earnings and cash flows despite slightly reduced profit margins this year. Delve into the full analysis dividend report here for a deeper understanding of Shizuoka Gas. Our comprehensive valuation report raises the possibility that Shizuoka Gas is priced higher than what may be justified by its financials. Dive into all 1443 of the Top Global Dividend Stocks we have identified here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:UCG TSE:1879 and TSE:9543. 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