May 23, 2022

Wire Service Canada

Complete Canadian News World

Italian Stock Exchange, commenting on today’s session (May 5, 2022)

European bourses and Milan rose after the very positive closing of US indices in yesterday’s session in the wake of the Federal Reserve.

European and Milan stock exchanges rose After the very positive closing of US indices in yesterday’s session following the release of the Federal Reserve’s report, UniCredit did well after the quarterly report. Stellantis is also positive for the same reason.

Thus at 12.40, the FTSEMib index rose by 1.28% to 24.208 points While the total share increased by 1.27%. Mid Cap (+1.34%) and Star (+1.46%) also performed well.

In Avary Square stands + 6.28% of UniCredit. The bank released its quarterly report with the closure of the stock exchange. The period ended with record results in terms of revenue, costs and net profit: excluding the impact of Russia, The institute recorded a net profit of 1.2 billion, Contributing to generating strong organic capital of 44 basis points, net revenue of 4.7 billion, up 7.9% year over year, and a cost/income ratio of 47.8%. Looking at RussiaProfit will be 247 million, down 62.4% from the previous quarter and 70.2% compared to the same period of the previous year.

Also good Stilants (+1.72%) which provided some financial and operational indicators related to the first quarter of 2022. The auto giant closed the first three months of the year with Initial net revenue 41.5 billion eurosAn increase of 12% compared to the 37 billion obtained in the first quarter of last year. Initial consolidated total deliveries were 1.37 million units (-12% compared to Q1 2021, mainly due to non-fulfillment of semiconductor orders). Stellantis confirmed guidance for the current year. Estimates confirmed for the full year, with revised double-digit operating margins and positive cash flow, despite unfavorable conditions in terms of purchases and inflation, thanks to successful models and strategic partnerships.

READ  Beware of money in the family: what are the risks

Yesterday evening the quarterly reports of Telecom Italia (+ 0.11%) e In the (-1.37%).