UniCredit Raises 2023 Guidance as Net Interest Income Drives 3Q Earnings


UniCredit reported a rise in earnings, exceeding analyst expectations, as its third-quarter was again driven by net interest income leading it to raise its 2023 guidance.

The Italian bank said on Tuesday that it made 2.32 billion euros ($2.48 billion) in net profit for the period, compared with EUR1.71 billion a year prior, on revenue that grew 24% on year to EUR5.97 billion.

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