Reported 19 days ago
UniCredit announced an increase in its profit outlook and plans to distribute half of its net income to investors starting next year, after reporting a net profit of 2.51 billion euros for the third quarter, surpassing forecasts. The bank has raised its 2024 profit target to over 9 billion euros and intends to maintain similar results in 2025 and 2026. CEO Andrea Orcel highlighted a strategic investment in Commerzbank and confirmed a rise in cash payouts from 40% to 50% of net profit.
Source: YAHOO