UniCredit, Italy's second-largest bank, reports a 24% increase in Q1 net income to €2.56bn, surpassing analysts' estimates.
UniCredit, Italy's second-largest lender, reports a 24% increase in Q1 net income to €2.56bn, surpassing analysts' estimates. Revenue grew 7% YoY to €6.37bn, and the bank aims for a full-year profit of €8.5bn. CEO Andrea Orcel targets a 35% contribution of fees to total revenue, reflecting operational efficiency and strong financial strength, with a CET1 ratio at 16.2%.
May 07, 2024
3 Articles