Morningstar

UniCredit Lifts Full-Year Profit Guidance

Provided by Dow Jones May 5, 2026, 5:58:00 AM

By Aimee Look

Italy's UniCredit lifted its guidance for the year, as its first-quarter results were boosted by strong revenue.

For the full year, UniCredit said Tuesday it expects net profit equal to or above 11 billion euros ($12.86 billion). The lender previously said in its full-year results it anticipated 2026 net profit to be around 11 billion euros.

Total revenue for the first quarter grew to 6.87 billion euros, up 4.9% from the same period in the previous year. Analysts had expected revenue of 6.44 billion euros.

Stakes in Commerzbank and Alpha Bank had a 19 basis-point impact on UniCredit's CET1 ratio, which compares a bank's assets to capital. UniCredit's CET1 ratio was 14.2%, compared with 16.1% the same period a year prior.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

May 05, 2026 01:58 ET (05:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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