UniCredit SpA
UCG: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€32.00 | Zmx | Lgzjkvm |
UniCredit's Prospects Have Improved Dramatically
Business Strategy and Outlook
The transformation of UniCredit in two years from a perennial underperformer to one of the most profitable banks in Europe has been astounding. While the new management team has made good strategic decisions, the return to positive interest rates after a decade of zero or negative interest rates played a significant role in its transformation.