UniCredit has immediately ended remote-work arrangements for CEO Andrea Orcel’s direct reports. Union sources say the bank plans to extend the policy to other employees starting next year.
A detailed analysis sees significant growth potential from UniCredit’s pending acquisition of Commerzbank, which has received ECB approval. Management is guiding for net profit above €11 billion in 2024. It expects profit to exceed €13 billion in 2028 and €15 billion by 2030.
The analysis says integrating Commerzbank could unlock substantial value. It also argues that UniCredit shares remain undervalued despite higher multiples, given the company’s growth prospects.