Total revenues at the lender, Italy’s second-biggest after Intesa Sanpaolo, ticked up 0.3% in the three months to September end to €6.17bn. Within that, net interest revenues fell 5.4% to €3.37bn. However, that was offset by spikes in both fees and trading income. Net profits jumped 4.7% to €2.63bn, while the CET1 ratio stood at 14.8%. Analysts had expected net profits to come closer to €2.4bn. Andrea Orcel, chief executive, said the results were a “record”. He continued: “We are confirming our 2025 net profit guidance of around €10.5 billion before any management actions to further propel our results, and we are on track to deliver our best year ever. By accelerating our strategy and deploying excess capital to create value, we have delivered our best-in-class earnings and distribution trajectory to shareholders.” UniCredit is also continuing to achieve net profits above €11 billion for 2027, despite acknowledging the ongoing macroeconomic headwinds. As of 09:15 BST, shares in UniCredit were down 2%.
UniCredit Q3 Beat Predictions.
