Unicredit reports record quarter and raises 2026 profit guidance
Updated
Updated · CNBC · May 5
Unicredit reports record quarter and raises 2026 profit guidance
12 articles · Updated · CNBC · May 5
The Italian lender posted net profit of 3.2 billion euros, up 16.1% year on year and above the 2.8 billion euros forecast by LSEG analysts.
It said this was its 21st straight quarter of profitable growth and now targets full-year net profit of at least 11 billion euros in 2026.
The results come as Unicredit pursues a controversial takeover bid for Germany's Commerzbank, while European markets track wider volatility linked to the Iran war.
Will German national interests derail Andrea Orcel's vision for a pan-European banking giant?
Is this takeover about creating an AI-powered bank or simply dismantling a national competitor?