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Tuesday 11 February 2025 14:59:06 GMT
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BREAKING: UniCredit profit jumps 24% to €3.3 billion, beating forecasts. Italy's second-biggest bank UniCredit on Monday posted a much larger-than-forecast 24% yearly rise in third-quarter earnings and hiked its full-year profit goal, as it prepares to take the lead at Germany's Commerzbank (Reuters). Net profit rose to €3.3 billion ($3.68 billion), above the €2.8 billion company-provided analyst consensus, with revenue up 12% to €6.90 billion. UniCredit now sees 2026 profit before extraordinary charges well above €11.5 billion, and shares gained 3.6% in early European trading. UniCredit has secured close to 50% of Commerzbank's voting rights and expects to complete the remaining regulatory steps by the end of the month. Its interim dividend more than doubled to €3.00 a share. #UniCredit #Banking #Earnings #Stocks #Europe #Commerzbank #Markets Read the full blog/news on Zimbuck: https://zimbuck.com/posts/2259 Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com
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