Park Ha Biological Technology stock rises on upcoming ticker symbol change
Investing.com -- UniCredit said it remains on course for a record year after reporting third-quarter earnings that topped forecasts and reaffirming both its annual and medium-term targets.
The Italian bank posted a net profit of 2.63 billion euros ($3.05 billion) for the three months to Sept. 30, up from 2.51 billion euros a year earlier.
Total revenue rose slightly to 6.17 billion euros, supported by higher investment fees and stronger trading income, which offset weaker net interest income amid lower interest rates.
Market consensus had pointed to a net profit of 2.41 billion euros on revenue of 6.01 billion euros, according to the company’s compiled estimates.
UniCredit maintained its outlook for 2025, targeting net profit of around 10.5 billion euros excluding management actions, which are expected to lift results further in 2026 and 2027.
The bank said it aims to grow net profit beyond 11 billion euros by 2027, supported in part by its stake in Germany’s Commerzbank and continued operational efficiency.
The lender also confirmed plans to return at least 9.5 billion euros to shareholders from this year’s earnings, with no less than half to be paid as a cash dividend.
Its common equity Tier 1 ratio stood at 14.8% at the end of the quarter.