Business · Companies · 8 hrs ago

UniCredit raises 2026 profit target to well above €11.5 billion

UniCredit raises 2026 profit target to well above €11.5 billion

UniCredit raised its 2026 net profit target to well above €11.5 billion before extraordinary items.

The bank said it had earned €9.4 billion in the first nine months, reaching 85% of its full-year goal.

Its third-quarter net profit was €3.26 billion, up 24% and above expectations.

UniCredit’s return on tangible equity was 24.3% for the first nine months, above its initial ambition of more than 20%.

The bank increased its dividend advance to €4.5 billion, or about €3 per share, from roughly €2.8 billion previously indicated.

The payment is due on 25 November, and UniCredit shares rose more than 5% after the results.

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