UniCredit SpA
UNCFF: OTCM (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.VCSmRt$ | LOCK|v#F | LOCK|GH |
UniCredit Earnings: Fees Outrun Our Forecast; Net Interest Income Rides on Rates
UniCredit’s third-quarter net profit rose 24% and beat consensus by 17%, though trading gains, dividend income, and a low tax rate did much of the work. Fees grew 11%, and net interest income regained momentum, growing 8% from a year ago after a flat first half as higher rates fed through.
