Italy's UniCredit posts fourth-quarter profit beat, raises shareholder returns

Published On Feb 11, 2025, 1:25 AM

UniCredit reported a strong fourth-quarter profit of nearly €1.97 billion, exceeding expectations and announcing increased shareholder returns amidst ongoing discussions of mergers and acquisitions. The bank's revenue of €6 billion also surpassed analyst estimates. Recently, UniCredit has engaged in consolidation efforts in Italy's banking sector, targeting Banco BPM and increasing its stake in Commerzbank, although this met with governmental resistance. Investors are closely monitoring UniCredit's strategic moves in the evolving market environment.