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Unicredit Is Best Worth Avoiding

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The combination of revenue pressure from lower rates, a difficult operating environment, weakening efficiency metrics, one-off losses, and arguable low provisions for credit losses make for an ugly picture emerging at Unicredit at this time. We’re paying close attention to the key banking players in Europe to assess the likelihood of a global financial contagion that may accompany the global pandemic that has become COVID-19. By Matthew Warren Unicredit (UNCFF) posted dismal first-quarter results May 6 that showed revenue falling 8.2% and negative “underlying net profit” of EUR 100 million from the same period last year. Stated net profit in the period was even worse at negative EUR 2.706 billion, including integration costs in Italy (EWI), a loss related to … Read more

Dividend Increases/Decreases for the Week of May 3

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Below we provide a list of firms that raised their dividends during the week ending May 3. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          Aena S.M.E., S.A. (ANYYY): now $0.621 per share annual dividend, was $0.360. Aker BP ASA (AKRBY): now $0.174 per share quarterly dividend, was $0.173. American International Group (AIG): now $0.40 per share quarterly dividend, was $0.36. American Water Works (AWK): now $0.7650 per share quarterly dividend, was $0.7075. Apollo Global Management (APO): now $0.4625 per share quarterly dividend, was $0.4300. Apple Inc. (AAPL): now … Read more