The weakness of today’s Piazza Affari, the Mibtel losing the 1, 5%, is mainly due to the rain of sales that are breaking down on securities banking and insurance, now finished in the eye of the storm . The market fears that the continuing corporate scandals and bad information on the collection of funds can erode the margins of large groups as IntesaBci, Sanpaolo-IMI, Unicredito, Fideuram and Mediolanum. Substantial falls for Eni, Enel and Bulgari.
Posts Tagged Bank
The mayor of Siena, David Work, described the proposed combination between the bank and the group of Siena Roman “at a turning point”, so that the Mayor has set a dead line in late July . The market seems to believe that eventuality, and yesterday the title BNL has gone against the trend in net index, closing an increase of about 2.5%.
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Milan Stock Exchange is poised to close slightly up at a session in a bit ‘abnormal saw the closing festivities of Wall Street. “Trade today is lower than the average. This is due to the fact that the New York Stock Exchange is closed for July 4th celebration,” confirms Mark Montanari of SocGen. “We underperformed other European stock exchanges because we have a heavy letter on the bank. At the market are not liked the data for the month of June of fundraising.
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Dresdner Kleinwort Wasserstein raised its recommendation on the title of Royal Bank of Scotland, from Add to Buy on expectations for positive results which will be announced on 7 August. At this time, RBOS is traded in London at 1721 pence, up 2.1% on the closing price yesterday.
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strikes the cyclone on the banking giant Vivendi Alps. The voices of accounting irregularities made by giant led by Messier resigned are literally burying, Credit Agricole, which gives 7% with the title changing hands at 21.19 euros, but also BNP (-7.77%) declined to 51 euro and SocGen loses 6% to 63 euros. According to some analysts, the three institutions are the most exposed in Vivendi.
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Giuseppe Vigorelli, president of Comindustria, and comes out openly in defense of voting capitation was the debate in parliament where he was presented a Bill for statutory change in this particular category of credit institutions. The elimination of the vote capitation, under which each shareholder of this particular type of lenders are entitled to one vote regardless of the share, favorite, second Vigorelli, the concentration in a few hands of these companies at the expense of the economic fabric small and medium enterprises. The position of president of Comindustria coincides with that expressed by the National Popular among banks continued, the notation at the assembly held in Rome on 31 May, in which it was reiterated that “the discipline that has governed so far people’s banks, based on voting per capita and the limits to the powers and possessions of members, is the foundation for their success. “
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a deal between EDF and Fiat for the future structure of control of Italenergia-Edison. The board of the French company agreed to the terms of a mechanism that will allow in the future to find a balance among the shareholders of the energy group. The details will be discussed in the next few days with the three banks’ shareholders and the Carlo Tassara Romain Zaleski. Satisfaction manifested by Fiat.
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Not much has surprised Cantarella’s decision to give a farewell to Fiat. “The departure of Paolo Cantarella from Lingotto is mainly due to pressure from the pool of lenders,” debuted Marco Montanari SocGen trader. “Banks also wanted to change the top to give a jolt to its idyllic situation of Lingotto. The sector is among the most cyclical of all. And since the recovery is slow in coming, even with the summer approaching, it is expected that she can still suffer. ” The movement today is not surprising title Montanari. “The leap of today is mostly due to coatings by institutional investors. Be careful, though, because in the afternoon could also deflate this initial enthusiasm.”
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Pirelli & C has chosen to list the subsidiary Pirelli & C Real Estate at a very favorable for the housing market, “said Patrizio Pazzaglia, chief investment officer of Bank Insinger de Beaufort, who added:” The property, accomplice a weak stock market, have arrived at good levels and this certainly will be reflected on the prices of initial public offerings, with the risk of buying an action which has in-house asset already close to record assessments, which could deflate if market-sharing . I think that we must put much attention to the prices bid and put the title in an already highly diversified portfolio, to avoid exposing too much. A point in favor of the company is managing assets of third parties, which generates revenues from services less exposed to the cycles of the housing market. Yet I still prefer a title like Astaldi “concludes Pazzaglia,” which incorporates a vision of the market positva great works yet to be developed “
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Analysts seem to judge well appreciated, the present course, the title of Germany’s HypoVereinsbank. This is what is reflected in the most recent reports of financial analysts. The research department of Lehman Brothers has confirmed an opinion on the title to market perform, partly because of good performance year to date, with price target lowered from the previous 38 euros to 37 euros today. Inceve appears more negative opinion of Morgan Stanley recommends that the title of the German underweight but without expressing a target price. This morning the shares exchanged in upward of 1, 17% at 39.05 euros on the Frankfurt Stock Exchange.