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FINANCIALS: Allianz Equity Outperforming On Buyback. Credit Stable.

FINANCIALS

Allianz (ALVGR: Aa2/AA/AA-u) equity is outperforming peers after results, credit trading more in line.

  • Our sense is that the buyback is being seen as a welcome fillip by the equity market but that the improved profitability, and strong Jun-24 capital readings, are giving comfort to the credit community.

Analysts’ call is 1330 (London time) at: https://www.youtube.com/live/US60g9MDg0k

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