Mediobanca

Mediobanca Banca Di Credito Finanzario's core businesses are lending and investment banking. Co. helps its clients by providing them with advisory services in addition to medium-term bank credit. Co. is the parent company of the Mediobanca Banking Group, which has operations in consumer credit, retail banking, leasing, and private banking. Co.'s business divisions are comprised of: Corporate and Investment Banking, which comprises Wholesale Banking and Private Banking; Principal Investing, which brings together all equity investments in associates (IAS28) and available for sale assets; and Retail and Consumer Banking, which comprises consumer credit and retail banking activities.
  • TickerMB
  • ISINIT0000062957
  • SectorBanks
  • CountryItaly

Analysts

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- FR

Atlantia (Achat) : EBITDA de €5,7 mds (+115%, +1% en comparable) sur les 9M-19 Telecom Italia (Achat) : Réduction de la dette, développement des services cloud en partenariat avec Google Iliad (Achat) Une offre de rachat d’actions de €1,4md, financée par une augmentation de capital Credito Emiliano - 9M-19 : RN de €158m (+4,5%) Mediobanca (Achat) : La participation de Leonardo Del Vecchio est passée à environ 9,9% BPCE (Achat) - 9M-19 :  Résultat avant impôts de €4,1 mds (-5,5%) Expedia (Achat) - 9M-19 : Résultat opérationnel de $743m (+2...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 29/10/2019 - AT&T - EN

AT&T: Plans $5bn To $10bn Of Assets Disposal In 2020 Commerzbank (U/P) -Q3-19: Net Profit of €294m (+34.9%) Mediobanca (O/P) - Q1-19/20: Net Profit of €271m (+10.3%) Bharti Airtel (U/P): Postpones The Publication of Its Half Year Results Orange (Outperform: Hybrids) - 9M-19: EBITDA (After Leases) of €9.6bn (+0.6% LfL) Unibail-Rodamco-Westfield (M/P) - 9M-19: Revenues of €2.2bn (+17.7%) Imerys (O/P) - 9M-19: Current Operating Income of €358m (-15.7%) S&P Affirms RCI Banque's BBB Rating (O/P), the Outlook Remains Negative

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 29/10/2019 - AT&T - FR

AT&T : Prévoit de céder $5 mds à $10mds d’actifs en 2020 Commerzbank (Vente) -T3-19:  RN de €294m (+34,9%) Mediobanca (Achat) - T1-19/20 : RN de €271m (+10,3%) Bharti Airtel (Vente) : Reporte la publication de ses résultats semestriels Orange (Achat hybrides) - 9M-19 : EBITDA (après leases) de €9,6 mds (+0,6% en comparable) Unibail-Rodamco-Westfield (Conserver) – 9M-19 : Revenus de €2,2 mds (+17,7%) Imerys (Achat) - 9M-19 : Résultat opérationnel courant de €358m (-15,7%) S&P confirme la note BBB de RCI Banque (Achat), la perspe...

Expert Corporate Governance Service (ECGS)

Mediobanca - AGM 28 October 2019

In item 2.a, shareholders are called to a binding vote on the compensation policy adopted by Mediobanca for the executive Directors and other executives with strategic responsibilities. The Bank has announced that a long-term incentive plan will be approved after the presentation of the 2019-2023 Strategic Plan, on November 12th. The incentive will depend on a 5-year performance period and capped at the equivalent of 200% of executive Directors' base salary (or 40% on an average annual basis). The performance conditions will be disclosed at the presentation of the Strategic Plan. The aggregate...

TP ICAP - Europe - Morning CreditUpdate 03/10/2019 - AIB Group - EN

AIB Group (O/P): New Issue Of An AT1 Security Hema (U/P) - H1-19: Only €10m Available On Its Credit Line CK Hutchison Group Telecom: New Issues (Correction) Brexit: British Prime Minister's New Plan Mediobanca (O/P): Delfin, Which Recently Acquired 6.9% Of Mediobanca, Could Increase Its Stake To More Than 10% Apicil Prevoyance: Issued A Tier 2 10Y Denominated In Euros Ado Properties (U/P): S&P Affirms Its BBB- Rating But Lowers Its Outlook To Negative

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- FR

Atlantia (Achat) : EBITDA de €5,7 mds (+115%, +1% en comparable) sur les 9M-19 Telecom Italia (Achat) : Réduction de la dette, développement des services cloud en partenariat avec Google Iliad (Achat) Une offre de rachat d’actions de €1,4md, financée par une augmentation de capital Credito Emiliano - 9M-19 : RN de €158m (+4,5%) Mediobanca (Achat) : La participation de Leonardo Del Vecchio est passée à environ 9,9% BPCE (Achat) - 9M-19 :  Résultat avant impôts de €4,1 mds (-5,5%) Expedia (Achat) - 9M-19 : Résultat opérationnel de $743m (+2...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 29/10/2019 - AT&T - EN

AT&T: Plans $5bn To $10bn Of Assets Disposal In 2020 Commerzbank (U/P) -Q3-19: Net Profit of €294m (+34.9%) Mediobanca (O/P) - Q1-19/20: Net Profit of €271m (+10.3%) Bharti Airtel (U/P): Postpones The Publication of Its Half Year Results Orange (Outperform: Hybrids) - 9M-19: EBITDA (After Leases) of €9.6bn (+0.6% LfL) Unibail-Rodamco-Westfield (M/P) - 9M-19: Revenues of €2.2bn (+17.7%) Imerys (O/P) - 9M-19: Current Operating Income of €358m (-15.7%) S&P Affirms RCI Banque's BBB Rating (O/P), the Outlook Remains Negative

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 29/10/2019 - AT&T - FR

AT&T : Prévoit de céder $5 mds à $10mds d’actifs en 2020 Commerzbank (Vente) -T3-19:  RN de €294m (+34,9%) Mediobanca (Achat) - T1-19/20 : RN de €271m (+10,3%) Bharti Airtel (Vente) : Reporte la publication de ses résultats semestriels Orange (Achat hybrides) - 9M-19 : EBITDA (après leases) de €9,6 mds (+0,6% en comparable) Unibail-Rodamco-Westfield (Conserver) – 9M-19 : Revenus de €2,2 mds (+17,7%) Imerys (Achat) - 9M-19 : Résultat opérationnel courant de €358m (-15,7%) S&P confirme la note BBB de RCI Banque (Achat), la perspe...

TP ICAP - Europe - Morning CreditUpdate 03/10/2019 - AIB Group - EN

AIB Group (O/P): New Issue Of An AT1 Security Hema (U/P) - H1-19: Only €10m Available On Its Credit Line CK Hutchison Group Telecom: New Issues (Correction) Brexit: British Prime Minister's New Plan Mediobanca (O/P): Delfin, Which Recently Acquired 6.9% Of Mediobanca, Could Increase Its Stake To More Than 10% Apicil Prevoyance: Issued A Tier 2 10Y Denominated In Euros Ado Properties (U/P): S&P Affirms Its BBB- Rating But Lowers Its Outlook To Negative

TP ICAP - Europe - Morning CreditUpdate 03/10/2019 - AIB Group - FR

  AIB Group (Achat) : Nouvelle émission d’un titre AT1 Hema (Vente) - S1-19 : Ne dispose plus que de €10m disponibles sur sa ligne de crédit CK Hutchison Group Telecom: Nouvelles émissions (correctif) Brexit : Nouveau plan du premier ministre britannique Mediobanca (Achat) : Delfin, qui a récemment acquis 6,9% de Mediobanca pourrait monter jusqu’à plus de 10% du capital Apicil Prévoyance : Emission d'un Tier 2 10A libellé en euros Ado Properties (Vente) : S&P confirme la note BBB- mais abaisse sa perspective à négative  

Johann Scholtz

Morningstar | Mediobanca: A Unique Play on Italian Financial Services

Historically, Mediobanca was a corporate and investment bank that built up a large book of principal investments. Over the past decade, Mediobanca has sold most of its noncore investments, with a stake in Italian insurer Generali the last major investment left in the portfolio. Subsequently, the main thrust of Mediobanca’s strategy has been the expansion of its wealth-management offering. This is a deposit-generating business, and we believe the strategy makes sense, as it will improve Mediobanca’s funding position, diversifying its funding away from the institutional market. As these business...

Johann Scholtz

Mediobanca: A Unique Play on Italian Financial Services

Mediobanca delivered net profit of EUR 176 million for the third quarter of its fiscal year; this was 15% lower than the EUR 206 million it produced in the third quarter of fiscal 2018. Mediobanca has a June year-end. Revenue declined 4% year on year as fee income and the portion of profits Mediobanca books from its 13% stake in Italian insurer Generali came under pressure. The slowdown in revenue is disappointing, given that Mediobanca increased its assets under management, which drives fees, b...

Johann Scholtz

Morningstar | Mediobanca's 3Q Revenue Slows Despite Robust Asset Growth

Mediobanca delivered net profit of EUR 176 million for the third quarter of its fiscal year; this was 15% lower than the EUR 206 million it produced in the third quarter of fiscal 2018. Mediobanca has a June year-end. Revenue declined 4% year on year as fee income and the portion of profits Mediobanca books from its 13% stake in Italian insurer Generali came under pressure. The slowdown in revenue is disappointing, given that Mediobanca increased its assets under management, which drives fees, by 5% compared with the end of March 2018. Mediobanca continued to optimize its capital utilization; ...

Johann Scholtz

Mediobanca's 3Q Revenue Slows Despite Robust Asset Growth

Mediobanca delivered net profit of EUR 176 million for the third quarter of its fiscal year; this was 15% lower than the EUR 206 million it produced in the third quarter of fiscal 2018. Mediobanca has a June year-end. Revenue declined 4% year on year as fee income and the portion of profits Mediobanca books from its 13% stake in Italian insurer Generali came under pressure. The slowdown in revenue is disappointing, given that Mediobanca increased its assets under management, which drives fees, b...

Johann Scholtz

Morningstar | Mediobanca Updated for 1H19 Results

Historically, Mediobanca was a corporate and investment bank that built up a large book of principal investments. Over the past decade, Mediobanca has sold most of its noncore investments, with a stake in Italian insurer Generali the last major investment left in the portfolio. Subsequently, the main thrust of Mediobanca’s strategy has been the expansion of its wealth-management offering. This is a deposit-generating business, and we believe the strategy makes sense, as it will improve Mediobanca’s funding position, diversifying its funding away from the institutional market. As these business...

2 directors bought/sold

Two Directors at Mediobanca Spa bought/sold 190,000 shares at between 9.084EUR and 9.096EUR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listin...

With a more favourable environment, MEDIOBANCA BC.FIN SA improves to Slightly Positive

MEDIOBANCA BC.FIN SA (IT), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 10, 2019, the closing price was EUR 9.58 and its potential was estimated at EUR 10.06.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Philippe Lamaud

Mediobanca : An investment case worth considering despite the volatile and challenging Italian environment

Investing today in Mediobanca (MB)’s debt requires a certain amount of guts and market timing, given the political situation in Italy accompanied by substantial market volatility. Nevertheless, we suggest investors considering such investment as MB’s debt securities offer appealing risk/returns, given the bank’s solid credit profile. - Indisputably, the “vicious link between sovereign and banks” (to quote Bank of Italy’s deputy governor) is not cut, and bouts of volatility could r...

Philippe Lamaud

Mediobanca : An investment case worth considering despite the volatile and challenging Italian environment

Investing today in Mediobanca (MB)’s debt securities requires a certain amount of guts and market timing, given the political situation in Italy accompanied by substantial market volatility. Nevertheless, we suggest investors considering such investment as MB’s debt securities offer appealing risk/returns, given the bank’s solid credit profile. - Indisputably, the “vicious link between sovereign and banks” (to quote Bank of Italy’s deputy governor) is not cut, and bouts of volatil...

MarketLine Department

Unione di Banche Italiane SCpA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Unione di Banche Italiane SCpA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Unione di Banche Italiane SCpA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its c...

MarketLine Department

Banca Monte dei Paschi di Siena SpA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Banca Monte dei Paschi di Siena SpA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Banca Monte dei Paschi di Siena SpA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sus...

MarketLine Department

Intesa Sanpaolo S.p.A - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Intesa Sanpaolo S.p.A Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Intesa Sanpaolo S.p.A since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advanta...

MarketLine Department

Lazard Ltd - Strategy, SWOT and Corporate Finance Report

Summary Lazard Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Lazard Ltd (Lazard) offers asset management and financial advisory services. Its asset management business comprises global investment solutions and investment management services. The company offers investments in mutual funds, closed-end funds and retirement plans through multi-asset, global eq...

Expert Corporate Governance Service (ECGS)

Mediobanca - AGM 28 October 2019

In item 2.a, shareholders are called to a binding vote on the compensation policy adopted by Mediobanca for the executive Directors and other executives with strategic responsibilities. The Bank has announced that a long-term incentive plan will be approved after the presentation of the 2019-2023 Strategic Plan, on November 12th. The incentive will depend on a 5-year performance period and capped at the equivalent of 200% of executive Directors' base salary (or 40% on an average annual basis). The performance conditions will be disclosed at the presentation of the Strategic Plan. The aggregate...

Mediobanca – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Short term view - MEDIOBANCA : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €8.140. The next target is at €7.325, then €6.988. Passing €9.382 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - MEDIOBANCA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 8,140 € prochainement. Le prochain objectif est à 7,325 €, puis 6,988 €. Le franchissement de 9,382 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - MEDIOBANCA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €7.325. The background trend would be questioned should prices rise above €9.382.

Matthieu DRIOL

Analyse court terme - MEDIOBANCA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 7,325 €. La tendance de fond serait remise en cause en cas de franchissement de 9,382 €.

Valérie GASTALDY

Analyse moyen terme - MEDIOBANCA : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 7,500 €, puis 6,897 €. Le franchissement de 9,268 € remettrait en cause la suite de la baisse.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch