55 Mins AgoUnicredit shares reach peak not seen since 2015, up 9.8%Shares of Unicredit, an Italian bank, reached their highest point since 2015 on Monday, marking a 9.8% increase after the announcement of a planned return of 8.6 billion euros ($9.2 billion) to investors, driven by stronger-than-expected profits. The bank, headquartered in Milan, revealed details of the intended payout after reporting fourth-quarter earnings of 1.9 billion euros, nearly three times higher than analysts’ forecasts. The payout, to be executed through a combination of buybacks and dividends, follows a successful year for the bank, buoyed by rising interest rates.— Karen GilchristFri, Feb 2 2024 6:30 AM ESTCNBC Pro: Wealth manager for the super-rich names 3 stocks to buy right nowOngoing political tensions, persistent inflation, and uncertainty regarding potential interest rate cuts by the U.S. Federal Reserve have raised doubts about which sectors and stocks will excel in the future. According to Kevin Teng, CEO of Wrise Wealth Management Singapore, which caters to ultra-high-net-worth individuals in Asia, the Middle East, and Europe, three top stocks emerge as solid investment options at present. CNBC Pro subscribers can find further details here.— Amala Balakrishner10 Hours AgoCNBC Pro: Citi just added these names to its ‘high-conviction’ list of stocks — giving one over 50% upsideCiti has updated its list of top “high-conviction” stock picks from global markets, including the United States, Europe, and Asia-Pacific. These are “high conviction, differentiated stock recommendations to generate alpha,” selected by its analysts. “We identify catalysts that will trigger outperformance and chose liquid names in which investors can build positions,” Citi stated in its Feb. 1 report. Here are four of the names. CNBC Pro subscribers can find further information here.— Weizhen Tan5 Hours AgoEuropean markets: Here are the opening callsEuropean markets are expected to open mostly flat to lower on Monday. The U.K.’s FTSE 100 index is projected to open 3 points higher at 7,619, Germany’s DAX down 38 points at 16,861, France’s CAC down 13 points at 7,577 and Italy’s FTSE MIB 89 points lower at 30,760, according to data from IG. Earnings are expected from UniCredit. Euro zone producer prices data for December is also due.— Holly Ellyatt
