Unicredit (UCG IM) - Q4 (EUR): Revenue 5.69bln (exp. 5.93bln), Net income 2.17bln (exp. 1.77bln), NII 3.43bln (exp. 3.35bln), sees FY26 net profit around 11bln, to return around 50bln to investors in the next 5 years
Newsquawk Staff ·
Unicredit (UCG IM) - Q4 (EUR): Revenue 5.69bln (exp. 5.93bln), Net income 2.17bln (exp. 1.77bln), NII 3.43bln (exp. 3.35bln), sees FY26 net profit around 11bln, to return around 50bln to investors in the next 5 years.
What it means
UniCredit's Q4 results show mixed performance with revenue falling short of expectations but net income exceeding forecasts, indicating strong underlying profitability. The guidance for FY26 net profit around €11 billion and plans to return €50 billion to investors over the next five years underscore a commitment to shareholder value, which may positively influence market sentiment in the banking sector.
Sources
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Stellantis (STLAM IM) earnings call summary: Co. firmly believes will beat initial goal of EUR 2.4bln cost savings in 2027
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler
- JPMorgan’s (JPM) 270 Park Avenue headquarters in Manhattan is estimated to cost approximately USD 6bln, WSJ reports
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