business square

Some inspiration among the bankers. Telecom Italia TIM accelerates upwards. The positive performances of Leonardo and NEXI stand out. Bitcoin surpassed $51,500

The major Italian Stock Exchange indices and the main European financial markets recorded increases of more than half a percentage point.

At 2.30 pm FTSEMib it gained 0.69% to 31,348 points, after having fluctuated between a minimum of 31,094 points and a maximum of 31,376 points. At the same time the FTSE Italia All Share it was up 0.67%. Plus sign also for the FTSE Italia Mid Cap (+0.47%) and for the FTSE Italia Star (+0,95%).

Il bitcoin it exceeded 51,500 dollars (over 48,000 euros).

Lo spread Btp-Bund is confirmed below 155 points, with the yield of the ten-year BTP which fluctuates around 3.9%.

L’euro stands at $1.07.

Banking sector stocks remain in the spotlight.

BPER Bank gains 0.25% to 3.579 euros. The institute has concluded the placement of the first Senior Preferred bond qualified as “green”, for an amount of 500 million euros and a maturity of 6 years. The bond received orders exceeding 3.4 billion euros. The annual coupon was set at 4.25%, with an issue/re-offer price of 99.753%; the yield is equal to the 5-year mid swap rate, increased by 160 basis points.

Better performance for UniCredit (+1.77% to 29.91 euros). Jefferies analysts have raised the target price on the institute led by Andrea Orcel from 39.9 euros to 41.6 euros; the experts confirmed the indication to buy the shares.

Good too Monte dei Paschi di Siena (+3,18%).

Telecom Italia TIM gains 0.96% to 0.2724 euros. The telephone company’s board of directors will meet today to examine the preliminary financial results for the 2023 financial year. The consensus indicates revenues of 16.27 billion euros for the financial year just ended, an increase of 3% compared to the 15 .8 billion (comparable base) obtained in the previous year. The organic gross operating margin is expected at 6.36 billion euros, an estimate which compares with the 6.04 billion (comparable base) of 2022 (+5.3%).

Interpump suspended for excessive increases after the release of the preliminary results for the 2023 financial year. On the basis of the available indicators, the company’s top management estimates a turnover for the entire financial year, on an organic basis, to be substantially stable, while in terms of profitability the group aims to protect the result achieved in 2023.

The positive performances of. also stand out at FTSEMib Leonardo (+4.23%) e di CONNECTED (+4,67%).

2024-02-14 12:12:00
#FTSEMib #intraday #highs

Banking stocks remain in the spotlight. IntesaSanpaolo consolidates the rise, after the release of the 2023 budget data. FinecoBank and Interpump in the red

The major Italian Stock Exchange indices and the main European financial markets record fractional increases.

At 4.35pm FTSEMib it gained 0.43% to 31,087 points, after having fluctuated between a minimum of 30,983 points and a maximum of 31,171 points. At the same time the FTSE Italia All Share it was up 0.45%. Plus sign also for the FTSE Italia Mid Cap (+0.68%) and for the FTSE Italia Star (+0,08%).

Il bitcoin it returned above 43,000 dollars (over 40,000 euros).

Lo spread Btp-Bund consolidates at 155 points, with the yield of the ten-year BTP which dropped to 3.85%.

L’euro remains below $1.075.

Banking sector stocks remain in the spotlightafter the increases achieved in the previous session.

Intesa Sanpaolo consolidates the rise (+0.75% to 2.887 euros), after the release of the 2023 financial statement data, which, according to the management, confirmed the institution’s ability to generate sustainable profitability even in complex contexts, with a net profit driven by net interest which exceeded 7.7 billion of Euro. IntesaSanpaolo also provided an indication of the financial estimates for 2024 and approved the balance on the 2024 dividend (relating to the 2023 financial year) of 0.152 euros per share.

The positive trend continues UniCredit (+0,19% a 28,88 euro). Several investment banks have revised their assessment of the institute led by Andrea Orcel after the release of the financial statement data for the 2023 financial year.

Better performance for BPER Bank (+1,58%).

FinecoBank confirms itself in negative territory (-2.52% to 12.755 euros), after the release of the 2023 financial results. For the 2024 financial year, management estimates consolidated revenues around last year’s levels, with an improvement in the mix in favor of commissions. The cost/income is expected to be less than 30%, thanks to the scalability of the platform and operational efficiency. The CET1 and Leverage Ratio expected to grow: the objective for the Leverage Ratio is to remain above 4.5%.

Oil sector stocks are recoveringafter the price of crude oil in New York (contract expiring in March 2024) rose to 73 dollars a barrel.

ENI gains 1.68% to 14.616 euros. Good too Saipem (+1,75%) e Tenaris (+2,13%).

Interpump recorded a decline of 5.84% to 44.33 euros. Equita sim analysts have reduced the target price on the company, bringing it from 54 euros to 53 euros; however, experts confirmed the buy indication of the shares.

At FTSEMib the progress of. stands out Leonardo (+3,79% a 16,86 euro).

2024-02-06 15:36:00
#Piazza #Affari #indices #positive #close

The central institution did not change interest rates. STM limits flexion. Snam and banks are also in the red. Important insights among MidCap companies.

The major Italian Stock Exchange indices and the main European financial markets recorded fractional declinesafter monetary policy decisions of the ECB. The central institute decided not to change interest rates, confirming the reference rate at 4.5%.

At 3.30 pm FTSEMib it lost 0.38% to 30,222 points, after having fluctuated between a minimum of 29,988 points and a maximum of 30,241 points. At the same time the FTSE Italia All Share it was down 0.3%. Plus sign, however, for the FTSE Italia Mid Cap (+0.6%) and for the FTSE Italia Star (+0,43%).

Il bitcoin it fluctuates around 40,000 dollars (just under 37,000 euros).

Lo spread Btp-Bund it narrowed below 155 points, with the yield on the 10-year BTP falling to 3.85%.

L’euro it fell to 1.085 dollars, after the decisions of the ECB.

STM it limits the decline to 0.82% at 42.265 euros. The Italian-French group has communicated the financial results for the 4th quarter of 2023, a period closed with a decline in revenues and margins, results slightly lower than management estimates. STM leaders also provided some financial estimates for the current quarter and full 2024.

Banking sector stocks are in the spotlightafter the increases achieved in the previous session.

Negative intonation for UniCredit (-1,7% a 26,535 euro).

Also bad BancoBPM (-1,63%) e BPER Bank (-2,06%).

In sharp decline Snam (-2,53% a 4,51 euro). The company presented the 2023/2027 industrial plan. In particular, in the period under review the management expects investments of 11.5 billion euros, an increase of 15% compared to the 10 billion of the 2022/2026 plan. The dividend policy has been revised, which now provides for a minimum growth increased to 3%. compared to 2.5% in the previous plan.

On the contrary, Hera gains 4.25% to 3.088 euros.

Important insights among the companies of MidCap.

The strong rise of Tod’s (+7,78% a 33,24 euro). The company has communicated preliminary data relating to the 2023 financial year, closed with revenues of 1.13 billion euros, an increase of 11.9% compared to the 1.01 billion obtained in 2022; at constant exchange rates, turnover would have increased by 14%.

Very good too Brembo (+3,29% a 11,29 euro). Berenberg analysts began coverage on the company with a target price of 14 euros and a buy indication of the shares.

In sharp decline, however, Juventus FC (-5,57%).

2024-01-25 15:53:00
#FTSEMib #negative #close #ECB