Italian Diversified Financials Healthy potentially undervalued

Anima Holding

Market Cap: €2.3b

Anima Holding S.p.A. is a publicly owned investment manager.

Azimut Holding

Market Cap: €5.0b

Provides asset management and advisory solutions in Italy, Europe, the Middle East, the Americas, and the Asia-Pacific.

BFF Bank

Market Cap: €547.1m

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

Nexi

Market Cap: €4.6b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.