Galliano's Latin Notes 2019 Recommendations in Review, and Initial Thoughts for 2020
Our post mortem of 2019 recommendations shows that we have had some successes; good bull calls were Gentera SAB De CV (GENTERA* MM EQUITY) in...
656 Views
Italian Banks and Target2 November Flows - More than ECB Deposit Rate Arbitrage
The November data for Target2 flows are encouraging, following on from October when the flow was helped by the Italian banks' arbitrage of their...
372 Views
Unicredit (UCG IM) Capital Markets Day - When Its Pays Dividends to Play It Safe
UniCredit SpA (UCG IM) senior management presented its four year plan today The market appears underwhelmed by Unicredit's targets to 2023, with...
422 Views
European Banks; a Quest for Value
We look across the mid-cap and larger cap universe of European banks for value picks, in this "risk on" climate in markets Based on consensus...
436 Views
Rotation into Value - More to Come from the Italian Banks, Especially Banco BPM (BAMI IM)
The global rotation into value stocks has led the Italian banks to outperform the European banks sector index year-to-date and over the last three...
420 Views