What buying Commerzbank would mean for UniCredit — and the banking sector

What buying Commerzbank would mean for UniCredit — and the banking sector


Key Points
  • Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government.
  • UniCredit continues to surprise markets with some stellar quarterly profit beats.
  • It earned 8.6 billion euros last year (up 54% year-on-year), also pleasing investors via share buybacks and dividends.
  • Analysts are hoping that a move by UniCredit will encourage more cross-border consolidation.



Source

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