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UniCredit boosts 2026 profit outlook to 11 billion euros, citing higher fees and insurance income despite lower revenue.
Italian bank UniCredit reported a 17% rise in fourth-quarter net profit to 1.83 billion euros, driven by higher fees and insurance income despite a 5.3% drop in total revenue.
The bank raised its 2026 profit forecast to 11 billion euros, projecting 27.5 billion euros in net revenue by 2028 with 5% annual growth.
It expects a return on tangible equity above 20% in 2026 and over 23% by 2028, while planning to return 30 billion euros to shareholders over the next three years.
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UniCredit aumenta las perspectivas de ganancias de 2026 a 11 mil millones de euros, citando mayores comisiones e ingresos de seguros a pesar de los menores ingresos.