With the European markets closing higher for days, this year is already offering a great amount of excitement to investors all around the world. Based on the latest reports from top European broker TradeFW.com, after the widely-controversial Brexit vote defeat, Italy’s UniCredit stock gained around 6 percent on the news and it seems determined to remain one of Eurozone’s stock market best performers.

 

UniCredit – Overview

UniCredit is an Italian global banking and financial services company which was founded in 1998, after the merge of the Unicredito Italiano Group banks. It operates through the following segments:

• The CEE segment - the main focus is on international financial banking services.
• The CIB segment – the main focus is on structured finance, corporate banking, investment products, and capital markets; as well as on transactions, financial, and advisory services to multinational corporate customers.
• The Non-core segment – focuses on risk mitigation of certain assets of Commercial Banking Italy.
• The Asset Gathering segment – the main focus is on wealth management.
• The Governance & Group Corporate Centre segment – focuses on global banking services and other global functions.

The Italian company owns 16 subsidiaries, including Bank Austria, HypoVereinsbank, and Fineco Bank; and it expands over 50 markets and 18 countries. Its headquarters are located in Milan, Italy; and the key executives of the Italian banking giant are Chairman Fabrizio Saccomanni, CEO Jean Pierre Mustier, and Mirko Davide Georg Bianchi, Group CFO & Sr. EVP. Some of the main competitors of the company are Arbuthnot Banking Group (ARBB), Atlas Mara (ATMA), Australia and New Zealand Banking Group (ANZ), and Banca Carige (CRG).

 

The UniCredit Stock – a pylon in the Eurozone stock market

The UniCredit stock is publicly listed on three prestigious exchanges from the Eurozone: the Italian Stock Exchange (BIT: UCG), the Frankfurt Stock Exchange (FWB: CRI), and the Warsaw Stock Exchange (WSE: UCG). The company is also a component of the EURO STOXX 50 and FTSE MIB stock market indices.

When it comes to the value of a stock, numbers don’t lie. The company had €19.619 billion in revenue in 2017 and a net income of €3.708 billion. According to the news portal Market Beat, 14 Wall Street analysts have issued ratings and price targets for UniCredit in the last 12 months. The results were the following: their average twelve-month price target was €16.31; the high price target for UCG was €20.00 and the low price target for UCG was set at €12.50. There are currently 2 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of "Buy." Furthermore, the Italian multinational company is expected to register an annual growth of 13.4% in the future, a percentage which is above the Italian Market average.

 

How and why to invest in the UniCredit Stock

The opportunity of trading this stock is just a few clicks away. All you need to do is find an online stock broker you can trust. TradeFW.com is a leading Italian stockbroker provider that has become the first choice of numerous investors. By choosing the account suitable to your experience (Standard or VIP), TradeFW will ensure the following steps of the process will be transparent, easy, efficient and professional. This is basically everything you should look and want from an online stock broker – to be your financial partner. It is extremely important to choose wisely because the stockbroker you trade with needs to help you grow your investment and provide you with the necessary trading environment in order for you to succeed.

On the other hand, in regard to the reasons why you should invest in this stock, we need to depict the larger image. According to the International Monetary Fund, the Italian government debt is roughly 130% of the Gross Domestic Product (GDP), and the economy hasn't grown significantly in the last decade. However, in this grey scenery, the UniCredit stock is a ray of sunshine. Even with the whirlwind of major news that has been crossing across Europe at the beginning of this year, like the Brexit vote, UniCredit managed to perform well and remain stable. Should it be your next pick? It is all up to you – but UniCredit is, without doubt, Italy’s most valuable stock and one of the most prestigious and best-performing stocks in the Eurozone. It can surely contribute to your experience as an investor, as well as add more value and diversity to your portfolio.

 

■ Should the UniCredit Stock be your next pick?

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Disclosure: 'The above references an opinion and is for information purposes only.  It is not intended to be investment advice.  Seek a duly licensed professional for investment advice.'