- Net Income: €2.68 billion, beating the estimate of €2.41 billion.
- Revenue: €6.33 billion, above the estimated €6.04 billion.
- Italy Revenue: €2.90 billion, slightly more than the estimated €2.85 billion.
- Germany Revenue: €1.40 billion, surpassing the estimate of €1.28 billion.
- Central Europe Revenue: €1.11 billion, exceeding the estimate of €1.08 billion.
- Eastern Europe Revenue: €706 million.
- Net Interest Income: €3.57 billion, higher than the estimate of €3.5 billion.
- Italy Net Interest Income: €1.66 billion, matching the estimated €1.65 billion.
- Germany Net Interest Income: €619 million, below the estimate of €638.7 million.
- Eastern Europe Net Interest Income: €497 million.
- Net Fee & Commission Income: €2.12 billion, topping the estimate of €2.02 billion.
- Trading Profit: €470 million, above the estimated €388.6 million.
- Pretax Profit: €3.73 billion, better than the estimate of €3.31 billion.
- Provision for Loan Losses: €15.0 million, much lower than the estimate of €154.2 million.
- Operating Costs: €2.30 billion, slightly below the estimated €2.33 billion.
- Cost to Income Ratio: 36.3%, better than the estimate of 40%.
- Common Equity Tier 1 Ratio: 16.2%, close to the estimate of 16.3%.
- Analyst Ratings: 20 buys, 6 holds, 0 sells.
A look at UniCredit SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma’s Smart Scores have indicated a positive long-term outlook for UniCredit SpA. Based on the provided scores, the company excels in areas such as value, dividend, growth, and momentum, all scoring above average. This indicates that UniCredit is well-positioned in terms of its financial performance, shareholder returns, growth potential, and market momentum.
However, it is worth noting that the resilience score for UniCredit is comparatively lower, suggesting that the company may face some challenges in terms of adaptability and risk management. Overall, with strong performance in key areas like growth and value, UniCredit SpA appears to be a promising investment option for investors looking for a company with solid fundamentals and growth prospects in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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