Piazza Affari flat, Stellantis rally

Closing in parity for Piazza Affari where, with + 4.23%, the performance of Stellantis stands out after the publication of the quarterly accounts. The house born from the marriage between FCA and PSA ended the first six months of the year with a pro-forma Ebit of 8.6 billion, up from 752 million in 2020. Analysts had estimated a figure of 6 billion. With an Ebit margin of 11.4% (16.1% in North America), the fourth largest automaker in the world improved its 2021 guidance on adjusted operating margin to around 10% (5.5 -7.5% previously). On the Ftse Mib, which stopped at 25,356.15 points (+ 0.02%), there were the minus signs of Assicurazioni Generali (-1.04%) and Buzzi Unicem (-2.51%). The first half of the Leone di Trieste closed with an operating profit up 10.4% to 3 billion euros while the net profit, estimated at 1.47 billion, stood at 1.54 billion. The Solvency ratio went from 224 to 231 percent (consensus at 235%). Buzzi in the first six months showed an increase in turnover of 5.8% and a decrease in profit of 3 percentage points. In the banking sector, two speeds for UniCredit (-0.3%), always grappling with the MPS affair (-2.39%), and Intesa Sanpaolo (+ 0.52%). Intrum announced the signing of two purchase agreements for two loan portfolios and the purchase of a loan portfolio from the Intesa Sanpaolo Group and Banca BPER (-1.37%). “Intrum Italy, also through the subsidiary Revalue, will be the sole servicer of the entire perimeter of the 3 portfolios for a total of approximately 1,935 million of claims of which 19.6% secured, 23.8% unsecured and 56.8% leasing ”, Reports the note of the company active in credit management services and investments in Non Performing Exposures portfolios. On the bond front, the BTP-Bund spread went from 110 to 109 basis points. (in collaboration with money.it).