Intesa Sanpaolo SpA
How a Schroders fund manager doubled returns on a ‘rubbish’ stock in 3 months
No stock is off the table for Simon Adler, a value investor at Schroders. “We are happy to buy the worst business you have ever conceived, provided it is cheap enough,” Adler told the Value Investor conference of fund managers in London on Wednesday. Adler co-manages the Global Recovery, Global Income and Global Sustainable Value […]
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Europe’s banks battered as Trump tariffs put U.S. recession on the horizon
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European […]
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Italy’s UniCredit posts fourth-quarter profit beat, raises shareholder returns
Key Points Italy’s second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank’s M&A overtures. The bank upped its cash dividend pay-out guidance to 50% of net profit in 2025, from 40% in 2024. CEO Andrea Orcel said UniCredit was progressing onto the next phase of […]
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Santander shares jump 7% after lender announces record quarterly profit, 10-billion-euro buyback
Shares of Banco Santander jumped after Spain’s largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital. The bank’s net profit picked up by 11% year-on-year to 3.265 billion euros in the fourth quarter and […]
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European stocks fall as tariff uncertainty lingers; Infineon up 10%
Infineon CFO: We’re not out of the woods but have started the year on a ‘slightly positive tone’ Infineon CFO Sven Schneider speaks to CNBC’s Annette Weisbach after the company raised its full-year outlook, as first-quarter results come in slightly better than expected. European drink stocks fall Campari bottle is seen in this illustration photo […]
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UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive
Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images Divided between two takeover courtships, UniCredit’s Andrea Orcel still has room to sweeten his bid for Italy’s Banco BPM, analysts say, while political turmoil stalls a deal with Germany’s Commerzbank. Once a key architect […]
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Amazon reportedly in talks with Italy to invest billions of euros in cloud expansion
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images […]
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Morgan Stanley says these corporations previously know how a lot dollars they can make from generative A.I. — and they are not just tech
Analysts at Morgan Stanley named businesses that have quantified how significantly revenue they can make — or save — from utilizing generative synthetic intelligence (AI). In an assessment of to start with-fifty percent effects bulletins and earnings calls since July 1 from corporations with a current market capitalization of $10 billion or more, Morgan Stanley […]
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As downturn fears develop, Financial institution of The united states names 8 world shares to experience out a economic downturn
Lender of The united states has named the European corporations whose stocks are predicted to carry out robustly in the face of a possible financial downturn. It comes amid raising signals that the European financial system could be headed for a period of prolonged recession. Preliminary data previous week pointed towards a slowdown in small […]
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Shorter sellers are doubling down on these European banks — and Credit score Suisse isn’t their leading concentrate on
Quick-sellers are sitting on just about $2 billion in profit from bets towards the European banking sector this thirty day period so significantly. And, perhaps remarkably, Credit Suisse was not the most lucrative brief. Alternatively, France’s greatest financial institution BNP Paribas topped the list, yielding $357 million in (as still unrealized) profits for brief sellers […]
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