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Commerzbank employees have expressed opposition to a potential acquisition by UniCredit, amid concerns over possible job cuts. UniCredit, a major European banking group, generates its income primarily from corporate and investment banking (50.6%) and retail banking (48.9%), managing EUR 499.5 billion in deposits and EUR 418.4 billion in loans as of the end of 2024. The bank operates 3,039 branches, mainly in Italy, and distributes its income across various regions, with Italy accounting for 44.9%.
As European markets experience mixed performances, dividend stocks like UniCredit are gaining attention for their potential to provide stable income amidst economic uncertainty. UniCredit, with a market cap of €87.62 billion, offers a 5.2% dividend yield, supported by a payout ratio of 38.4%, despite challenges from bad loans. Meanwhile, Südwestdeutsche Salzwerke AG, valued at €577.91 million, focuses on salt production and waste management, contributing to its revenue of €336.92 million.
Commerzbank's annual general meeting in Wiesbaden will focus on UniCredit's takeover plans, despite CEO Andrea Orcel's absence. The meeting marks a return to in-person gatherings since 2019, with protests from the works council and Verdi union against UniCredit's perceived "hostile" approach. Following the German government's partial exit, UniCredit has become the second-largest shareholder, controlling over 28% of Commerzbank's shares.
Unicredit's CEO Andrea Orcel is set to be a focal point at Commerzbank's annual general meeting, despite not attending in person. The meeting, the first in-person gathering since 2019, will see protests from Commerzbank's works council and the Verdi union against what they deem "hostile" takeover efforts by Unicredit, which has become the second-largest shareholder with over 28 percent of shares.
Czech National Bank increased its stake in Molson Coors Beverage by 5.8% in Q4, owning 37,873 shares valued at $2.17 million. Other investors, including Pallas Capital Advisors and 180 Wealth Advisors, also raised their holdings. The stock has a current price target of $57.00 from Barclays, with an average rating of "Hold" among analysts.
Barclays PLC (NYSE: BCS) recently reached a 52-week high of $16.83, closing at $16.72 with a trading volume of 35,504 shares. The company reported a quarterly EPS of $0.65, exceeding estimates, and announced a semi-annual dividend increase to $0.2737 per share, yielding 2.7%. Analysts have mixed ratings, with some recommending a hold while others see potential for growth.
Barclays has raised its price target on Corteva, Inc. to $70 from $64 while maintaining an equal-weight rating. Corteva specializes in agricultural and phytosanitary products, with net sales primarily from seed and grain production (56.5%) and crop protection products (43.5%). The company operates 96 production sites globally, with significant sales in the U.S. and Canada (51.2%).
On May 13, Raiffeisenkasse Eisacktal hosted an event focused on corporate financing, attracting around 70 business professionals. Key speakers, including Dietmar Lamprecht and Christoph Rainer, highlighted the importance of credit guarantees and funding programs as essential tools for fostering innovation and supporting small and medium-sized enterprises. Miriam Rieder emphasized that these financial resources can drive sustainable growth and entrepreneurial success, paving the way for new opportunities in a challenging economic landscape.
Jacobs Solutions Inc. reported a quarterly EPS of $1.43, surpassing estimates, with a revenue of $2.91 billion, slightly below expectations. The company announced a quarterly dividend of $0.32 per share and authorized a $1.50 billion stock repurchase plan, indicating confidence in its valuation. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $149.29.
Dynatrace, Inc. has received mixed analyst ratings, with a consensus target price of $60.41 and a "Moderate Buy" average rating. Recent price targets include $65.00 from Robert W. Baird and a drop to $50.00 from UBS Group. The stock opened at $48.63, with a market cap of $14.56 billion and a 52-week range of $39.30 to $63.00. Institutional investors hold 94.28% of the stock, with notable transactions from Deutsche Bank AG and Barclays PLC. Insider sales have also occurred, with CEO Rick M. McConnell selling 40,000 shares recently.
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