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Carlo Cimbri, Chairman of Unipol Group, suggested that Dutch bank ING may be considering a bid for Popolare di Sondrio, referencing the bank's orange color during a recent meeting. Unipol, a major shareholder in both BPER and Pop Sondrio, supports BPER's bid but remains open to other offers, acknowledging foreign interest in the bank. Cimbri emphasized that Unipol prioritizes its interests and is receptive to any compelling proposals.
UniCredit's CEO, Andrea Orcel, confirmed the bank's compliance with the European Central Bank's request to reduce its Russian assets, stating they are ahead of some supervisory demands. This assurance was given during a shareholder meeting, emphasizing the bank's commitment to regulatory expectations.
BNP Paribas has restated its 2024 quarterly series to align with the upcoming Basel 4 regulations, impacting the analytical breakdown of business lines without altering the published results. The normalized equity allocation for risk-weighted assets has increased from 11% to 12%, effective January 1, 2025, alongside a full consolidation of Arval entities and a strategic focus on geographical business adjustments.
Banco BPM has dismissed concerns raised by UniCredit regarding its lending capabilities following a setback with Anima. The bank reassured stakeholders of its financial stability and ability to continue lending despite recent challenges.
Banco BPM's CEO Giuseppe Castagna dismissed UniCredit's concerns regarding the bank's lending capacity following a regulatory setback related to the Anima acquisition. Despite a negative opinion from the ECB affecting capital ratios, Castagna assured that current and projected capital levels remain adequate for continued lending. UniCredit, preparing a bid for BPM, emphasized that the ECB's stance supports the premium in its offer.
Intesa Sanpaolo S.p.A. experienced a significant increase in short interest, rising 277.6% in March to 58,900 shares. The stock traded down to $31.68, with a 12-month range of $20.71 to $32.62. Analysts have upgraded the stock to a "hold" rating, though it is not among the top recommended buys.
Intesa Sanpaolo's main shareholders have proposed the reappointment of CEO Carlo Messina and Chairman Gian Maria Gros-Pietro. The group, a leader in Italy with 13.9 million clients and over 3,000 branches, is committed to ESG initiatives and has a significant international presence with more than 900 branches across Central and Eastern Europe, the Middle East, and North Africa. Its operations are divided into six divisions, including retail banking, corporate investment, private banking, asset management, and insurance.
Intesa Sanpaolo has made available its 2024 Annual Report, including consolidated and parent company financial statements, corporate governance reports, and remuneration policies, ahead of the Shareholders' Meeting scheduled for April 29, 2025. Key agenda items include the approval of financial statements, dividend distribution, and authorizations for share repurchases. Additionally, an Information Document for the 2025 Annual Incentive Plan has been released.
Barclays has upgraded Ferrari's stock rating to Overweight, identifying a strategic entry point for investors despite a new 25% tariff on imported cars to the U.S. The automaker remains confident in its full-year guidance and plans to raise prices by up to 10% on some models.With six new model launches anticipated this year, shares rose 2.1% in premarket trading after a 3.2% gain on Thursday, reflecting a positive outlook amid challenges in the European auto industry.
SG Americas Securities LLC increased its stake in SolarEdge Technologies, owning 137,736 shares valued at $1.87 million after acquiring 117,841 additional shares. Charles Schwab Investment Management raised its holdings by 38.5%, now owning 520,928 shares worth $7.08 million. Hedge funds and institutional investors control 95.10% of the stock. SolarEdge Technologies, which designs and manufactures DC optimized inverter systems for solar installations, has received mixed ratings from analysts, with a consensus rating of "Hold" and an average target price of $21.80.
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unipol chair hints at ing interest in popolare di sondrio bid
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UniCredit CEO confirms compliance with ECB on reducing Russian assets
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Banco BPM addresses UniCredit concerns on lending capacity after Anima issue
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banco bpm addresses unicredit concerns over lending capacity after anima setback
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Intesa Sanpaolo experiences significant rise in short interest in March
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Intesa Sanpaolo shareholders propose reappointment of CEO and chairman
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14:00 28.03.2025
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