The acquisition of PartnerRe would help Covea diversify its business beyond home, auto, life and … Its tier one common equity ratio—a key gauge of a bank’s financial strength, which measures core equity against all of a bank’s risk-based assets—swelled to 10.9% at the end of 2015 from 10.1% 12 months earlier.Investment professionals predict European banks will continue to pile up excess capital, which they could end up returning to shareholders as dividends in years to come.
outbreak," it said.It currently can't reliably asses the impact of the outbreak on The group’s most profitable businesses were agricultural equipment and powertrains, which both boasted margins of 8.9% compared with the 2.7% of commercial vehicles. Last year, CNH’s agriculture and construction business had proforma sales of $15.6 billion, while its so-called “On-Highway” operations generated $13.1 billion.
For the best Barrons.com experience, please update to a modern browser. “They could become the real utilities,” says Gilles Guibout, head of European strategies at Axa Investment Managers’ Framlington Equities. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Find the latest CNH INDUSTRIAL (CNHI.MI) stock quote, history, news and other vital information to help you with your stock trading and investing.
their production plants amid the pandemic. The boss of Exor showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of … Discover more.
To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/exor-and-societe-generale-look-like-buys-1455944508Exor’s shares (ticker: EXO.Italy) have sputtered in 2016.
“This discount won’t stay at these levels for long.”Banks were a favorite sector at the end of last year before the recent selloff. Read more. In our first decade we achieved our objective of beating the MSCI World Index.
The acquisition has temporarily stretched Exor’s balance sheet. Exor sums up an entrepreneurial story based on more than a century of investments made through various companiesWe are a holding company with a culture that combines entrepreneurial spirit and financial disciplineExor’s strong leadership with international background
This copy is for your personal, non-commercial use only. Last summer, Exor agreed to buy Bermuda-based reinsurer CNH Industrial aims to complete the separation by early 2021, creating a company to run agriculture and construction brands such as Case and New Holland and listing a separate unit to manage Iveco trucks, Iveco and Heuliez buses and FPT powertrains. "These measures, though temporary in nature, may continue and increase depending on developments with regard to the virus' outbreak," it said. At the current price level, and pro forma the close of the PartnerRe acquisition, this measure is close to 29%.Turin-based Exor has options, including monetizing €1.2 billion of noncore investments or putting them on PartnerRe’s balance sheet, but the company probably can’t execute a share buyback if it wishes to retain its investment-grade rating, says Steven Wood, founder of GreenWood Investors in New York.Wood, who owns shares of Fiat Chrysler and Ferrari, is adding to his holdings in Exor in the belief that the discount to NAV will “almost certainly” revert to more modest levels through market normalization or the company’s buying back shares after deleveraging its balance sheet. “It makes even more sense now.”Banks need to deliver a return on equity of 10% to 12% to cover their cost of capital. Additional reporting by Stephen Jewkes and Tim Aeppel; Editing by David Evans, Mark Potter and Nick ZieminskiFILE PHOTO: An Iveco truck is seen at the IAA Commercial Vehicles trade show in Hanover, Germany September 22, 2016. In our first decade we achieved our objective of beating the MSCI World Index.Gustav Mahlerplein 25, 1082 MS Amsterdam, The Netherlands