UniCredit SpA (IT:UCG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
UniCredit SpA has reported record profits for the third quarter and first nine months of 2024, marking its fifteenth consecutive quarter of growth. The bank achieved a net profit of €2.5 billion in Q3 2024, an 8% increase from the previous year, and a 16% rise to €7.7 billion for the first nine months. This success is attributed to strong revenue growth, improved cost efficiency, and a solid CET1 ratio, reflecting the successful transformation and strategic focus of the bank.
For further insights into IT:UCG stock, check out TipRanks’ Stock Analysis page.