Sign in

    Giulia Aurora Miotto

    Research Analyst at Morgan Stanley

    Giulia Aurora Miotto is an Equity Analyst at Morgan Stanley & Co. International Plc specializing in European financials, with a primary focus on diversified banking institutions such as UBS Group AG. Her performance includes a 100% published ratings success rate and an average return of 3.9%, ranking her #2,734 out of 4,722 analysts in recent industry metrics. Miotto began her career in finance prior to joining Morgan Stanley, where she is recognized for in-depth coverage and actionable equity research, often featuring on analyst calls for top banking clients like ING and BNP Paribas. She holds relevant professional credentials for equity research and trading, including European securities licensing and active participation in industry events.

    Giulia Aurora Miotto's questions to ING GROEP (ING) leadership

    Giulia Aurora Miotto's questions to ING GROEP (ING) leadership • Q2 2025

    Question

    Giulia Aurora Miotto of Morgan Stanley inquired about ING's sensitivity to foreign exchange volatility, requesting more disclosure on the revenue and cost mix. She also asked for an outlook on corporate loan demand, particularly in Germany.

    Answer

    CEO Steven van Rijswijk noted that while there was growth in short-term financing, demand for long-term corporate loans remains muted, and it's too early to call a change. CFO Tanate Phutrakul provided specific figures on the impact of the U.S. Dollar's decline on NII and total revenue, stating the company would consider more disclosure if volatility continues.

    Ask Fintool Equity Research AI

    Giulia Aurora Miotto's questions to UBS Group (UBS) leadership

    Giulia Aurora Miotto's questions to UBS Group (UBS) leadership • Q2 2025

    Question

    Giulia Aurora Miotto of Morgan Stanley asked if UBS would consider running with higher double leverage to mitigate new capital rules and requested a quantification of expected capital upstreaming from the US following improved stress test results.

    Answer

    CEO Sergio Ermotti stated it is premature to comment on mitigation actions like changing double leverage targets before final rules are set. CFO Todd Tuckner added that while improved US stress test results support planned capital repatriation, the amount is already factored into their plans and noted the US capital ratio is structurally higher than its Swiss equivalent.

    Ask Fintool Equity Research AI

    Giulia Aurora Miotto's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership

    Giulia Aurora Miotto's questions to DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) leadership • Q2 2025

    Question

    Giulia Aurora Miotto of Morgan Stanley inquired about the mechanics of leveraging Germany's fiscal stimulus with private investments, referencing a potential 5x multiplier and the bank's role with KfW and EIB. She also asked what specific incentives might emerge to mobilize German savings into investment products.

    Answer

    CEO Christian Sewing explained that the stimulus can be leveraged through public-private partnerships and by using public funds as first-loss pieces, citing a recent €500 million program with the EIB as a live example. Regarding savings, he pointed to a new government program for young savers as a start, and expects a mindset shift, improved financial literacy, and digitalization to drive flows from deposits to investments, with potential for broader pension reform later.

    Ask Fintool Equity Research AI

    Giulia Aurora Miotto's questions to CREDIT AGRICOLE S A (CRARY) leadership

    Giulia Aurora Miotto's questions to CREDIT AGRICOLE S A (CRARY) leadership • Q4 2024

    Question

    Giulia Aurora Miotto asked about the deployment of excess capital, focusing on the preference for bolt-on M&A, target businesses or geographies, and whether recent risk migrations in RWAs signal a deterioration in asset quality, particularly in France.

    Answer

    Executive Jerome Grivet explained that the bank favors bolt-on acquisitions that are coherent with existing businesses for smoother integration, rather than transformational deals. On risk migrations, he clarified that the increase in RWAs was a technical consequence of rating model effects and not a sign of deteriorating asset quality, stating there are no widespread signs of deterioration or worry.

    Ask Fintool Equity Research AI

    Giulia Aurora Miotto's questions to BNPQY leadership

    Giulia Aurora Miotto's questions to BNPQY leadership • Q2 2024

    Question

    Asked about asset quality, noting the high cost of risk in France and rising bankruptcies, and inquired about the evolution of lending margins in key European markets for both retail and corporate clients.

    Answer

    The company stated that the high cost of risk in France was due to a single, idiosyncratic file and not a sign of a broader trend; underlying asset quality is stable, with the main point of attention on consumer finance. Regarding margins, corporate lending margins are holding up well, while retail mortgage margins in France and Belgium are tight due to stiff competition.

    Ask Fintool Equity Research AI