UniCredit ups 2021 guidance after strong quarter By Reuters

October 28, 2021 admin Stock News 0

© Reuters. FILE PHOTO: The UniCredit bank logo in the old city centre of Siena, Italy, June 29, 2017. REUTERS/Stefano Rellandini

MILAN (Reuters) – Italy’s second-biggest bank UniCredit raised its 2021 profit and revenue guidance on Thursday after reporting stronger than expected quarterly results thanks to falling loan losses and higher revenues.

UniCredit, which on Sunday walked out of a deal to rescue state-owned rival Monte dei Paschi, posted a net profit of 1.06 billion euros ($1.23 billion) for the three months through September.

That compares with an average forecast of 838 million euros ($975 million) from 23 analysts collected by the bank.

($1 = 0.8618 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*