UniCredit SpA

UNCFF: OTCM (USA)
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UniCredit Earnings: Withdrawal of BPM Offer and Upgraded Guidance Sends Stock Up

UniCredit reported 8% growth in net income after excluding extraordinary effects from trading despite declining net interest income and flattish fee income. UniCredit withdrew its offer to acquire rival BPM, and the market reacted positively, with the share price up 5% on July 23.

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