UniCredit Lifts Outlook After Third-Quarter Profit Rises 24%
UniCredit reported net profit of €3.3 billion for the three months to September-end, up 24% year over year and ahead of forecasts for €2.8 billion. Return on tangible equity rose 4.4 percentage points.
The bank, which is in the process of taking control of German peer Commerzbank, saw net profits come in at €3.3bn in three months to September end, a 24% surge on the same period a year previously and well ahead of forecasts for €2.8bn. Return on tangible equity rose 4.4 percentage points to 25.5…