UniCredit’s cash handout is just a start

UniCredit’s cash handout is just a start

Brv, Clm

1/28/2022 6:30:00 PM

UniCredit’s cash handout is just a start

UniCredit boss Andrea Orcel is trying to keep investors happy with cash. Unveiling its full-year results on Friday, the Italian bank pledged to hand out a record 3.75 billion euros by paying dividends and buying back shares. That’s nearly a quarter of the 16 billion euros Orcel has promised to give back by 2024. Even after the handout, UniCredit’s common equity Tier 1 capital ratio will be more than 14%, comfortably above a stated floor of 12.5%.

its full-year results on Friday, the Italian bank pledged to hand out a record 3.75 billion euros by paying dividends and buying back shares. That’s nearly a quarter of the 16 billion euros Orcel has promised to give back by 2024. Even after the handout, UniCredit’s common equity Tier 1 capital ratio will be more than 14%, comfortably above a stated floor of 12.5%.

UniCredit shares have risen 62% since the former UBS(UBSG.S)executive took the helm in mid-April, outperforming a 20% return for the STOXX Europe 600 Banks Index. Yet investors remain unconvinced by Orcel’s promise to lift return on tangible equity to 10%, from an underlying 7.3% in 2021. On Friday morning UniCredit shares were trading at less than 60% of tangible book value. Orcel needs to produce more than cash. (By Lisa Jucca)

Read more: ReutersBreakingviews »

Netflix in a Race Against Time With Advertising

Partnerships would allow streaming giant to enter ad business faster as inflation and market saturation make subscriber growth harder. Read more >>

Ukraine Tensions Hit Deal Talks Between Italy’s UniCredit, Russian LenderItaly’s UniCredit pulled out of talks to take over Russian lender Otkritie, one of the first instances where tensions over Ukraine have run into corporate deal making. nato allies lose their money as washington swamp just demonstrates how much significant it is. okay, but Kiev nazi get many weapons under this smog. 举报海外上市的脸书,新浪,微信,抖音等限制大陆访民发声。至2022年1月28日,重庆法院抢劫我的房未赔偿。举报重庆党政首长不执行国法,搞地方独立王国,阴谋推翻中央政府,地方政策比国法大。要求重庆法院执行国法,结束春秋战国时代,统一法令、货币语言(如汉语高考分提到200分)及社保医保住房全国联网统一等

T-Mobile readying new incentive for Home Internet customersStarting January 27, T-Mobile will start offering Home Internet for free for 15 days.

Moderna starts trial on omicron-specific Covid booster in adultsModerna starts its clinical trial using an omicron-specific booster vaccine. Pfizer has also started testing a vaccine for omicron.

Where can you find free N95 masks? CVS, Walgreens receiving shipments as early as ThursdayThe rollout of free N95 masks for the public started nationwide this week -- and some local pharmacies will start handing them out as early as today. No thanks. I'm neither immunocompromised nor a neurotic. Keep them

Residential building led D-FW construction in 2021 Res idential building starts — houses and apartments — accounted for the largest share of Dallas-Fort Worth construction activity in 2021. Builders started...

OnlyFans celeb rich list as Katie Price joins famous faces stripping for cashTroubled reality star and former topless model Katie is hoping to become a top earner on OnlyFans like Kerry Katona and Lottie Moss following years of financial issues and bankruptcy Dont fancy seeing any of this bunch stripping off for any reasons as theyre bodies r full of fillers and heads full of shit!

Unveiling its full-year results on Friday, the Italian bank pledged to hand out a record 3.75 billion euros by paying dividends and buying back shares. That’s nearly a quarter of the 16 billion euros Orcel has promised to give back by 2024. Even after the handout, UniCredit’s common equity Tier 1 capital ratio will be more than 14%, comfortably above a stated floor of 12.5%. UniCredit shares have risen 62% since the former UBS (UBSG.S) executive took the helm in mid-April, outperforming a 20% return for the STOXX Europe 600 Banks Index. Yet investors remain unconvinced by Orcel’s promise to lift return on tangible equity to 10%, from an underlying 7.3% in 2021. On Friday morning UniCredit shares were trading at less than 60% of tangible book value. Orcel needs to produce more than cash. (By Lisa Jucca) Follow