drops below 4 euros, scoring a minimum value of 3.98 euros a day, the title of Unicredito. The listing of the Bank of Alessandro Profumo is leaving at ground level 5.04%. Analysts at JP Morgan today cut EPS estimates on the title Unicredito of 4.9% for 2002 and 5.1% for 2003. Estimates have risen so from 0.39 to 0.37 for 2002 and from 0.43 to 0.41 for the year 2003.
Bad week for the launch of Credit Suisse who is accusing the decision of the rating agency Moody’s cut the outlook on the debt. The title of elevetico banking group is leaving the ground more than 2% falling below the 47 Swiss francs.
Tags: Bank, banking, credit, debt, Franc, Lev, rating, Swiss, Swiss Franc
The French media group Vivendi Universal may soon be in a situation of credit crunch. According to calculations made by analysts, Vivendi could lead to a lack of liquidity (necessary to conduct the normal operations of the company) of approximately 2.7 billion by year end, a need which could rise to 5.5 billion by mid – 2003.
started the week with the right foot of the main European stock exchanges. After the heavy sales, there is in fact air of a ransom for technology stocks but also the old Telephone continente.Piazza Affairs has thus opened rising 0.58%, thanks to the excellent food for STM, Olivetti, Finmeccanica and Fideruam.Avvio positive for Unicredito, IntesaBci, whole and for most titles in the New mercato.In slight downside, however, Highways and Italgas.
Bad start of week for the title of the Lingotto, which sells more than 2% testing fee 13.40 euro. Fiat would weigh about as well planned disbursement for Edison, pro-rata amount to 400 million euros for the Turin company (already financially unbalanced) also print rumors that Fiat’s creditor banks have warned the Turin group that his debt might be lowered to the level of “junk” if they are not sold some assets like Toro and FiatAvio.
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Prelagono the hyphens between the bank stock of the Old Continent, in light of disappointing data reported this morning by Societe Generale. The actions of the French group (-4.77%) led the chain of reductions, followed by those of BSCH (-3.01%), Credit Lyonnais (-2.06%), Standard Chartered (-1.38%) and BBVA (-1.32%). Positive sign instead for Banco Popular (+0.95%), Credit Suisse Group (+0.52%) and Abbey National (+0.42%).
The stronger the covenant between UniCredit, Mediobanca and Generali, centered on the role of Foundations shareholders Square Cordusio apparently intended to be permanently shelved after yet another no to Antonio Fazio. It remains open the possibility of a sudden blitz but the chances are increasingly remote. The latest thrust against the foundation last Saturday when the government declared “out of a bank to enter into an insurance company which then deals with a bank.”
Abbey National The title remains in positive territory this morning, in contrast to the market thanks to the opinion of Goldman Sachs have entered the title in its “recommended list” from the previous rating of “market outperformer “, raising its price target for 2001 to 1320 pence. According to Goldman Sachs, Abbey would be less exposed than other UK banks to the deterioration in credit quality of companies, while the new opportunities created by the reorganization of operations, even after the failed merger with Lloyds TSB, could give a boost to the results of gruupo. Abbey National should performs better than other UK banks and has a target price for 2002 to 1420 pence. Abbey National at this time is 1213.08 pence (-0.58%).
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