• UniCredit’s first-quarter net income reached EU2.56 billion, surpassing the EU2.12 billion estimate.
• Revenue rose to EU6.37 billion, overtaking the anticipated EU5.97 billion.
• Revenue from Italy was EU2.91 billion, beating the estimated EU2.79 billion.
• Revenue from Germany totaled EU1.47 billion, outperforming the projected EU1.32 billion.
• Central Europe revenue met estimates at EU1.07 billion.
• Eastern Europe revenue came in at EU701 million.
• Net interest income reached EU3.58 billion, surpassing the EU3.51 billion estimate.
• Italy’s net interest income was EU1.66 billion, overtaking the EU1.62 billion estimate.
• Germany’s net interest income totaled EU627 million, falling slightly short of the EU653 million estimate.
• Eastern Europe’s net interest income amounted to EU493 million.
• The net fee and commission income rose to EU2.10 billion, beating the EU1.92 billion estimate.
• Trading profit reached EU558 million, surpassing the EU395.2 million estimate.
• Pretax profit was EU3.60 billion, beating the EU2.92 billion estimate.
• Provisions for loan losses were less than expected at EU103.0 million, against the estimated EU150 million.
• Operating costs amounted to EU2.31 billion, slightly lower than the estimated EU2.33 billion.
• The Cost to Income Ratio was 36.2%, lower than the estimated 40%.
• The Common Equity Tier 1 ratio was 16.2%, slightly above the projected 16.1%.
• The stock recommendation for UniCredit includes 20 buys, 6 holds, and 0 sells.
A look at UniCredit SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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
UniCredit S.p.A., a global commercial bank specializing in consumer credit, mortgages, and investment banking, has received a positive outlook from Smartkarma’s Smart Scores. With high scores in Dividend, Growth, and Momentum, the company is showing strong potential for long-term success. Its solid Value score further indicates a promising investment opportunity in the market.
Despite a slightly lower score in Resilience, UniCredit’s robust performance in Dividend, Growth, and Momentum factors positions it well for future growth and stability. Investors may find UniCredit a compelling choice for their portfolios, considering its strong performance across various key indicators as per the Smartkarma Smart Scores evaluation.
Summary: UniCredit S.p.A. is a global bank offering a wide range of banking and financial services, attracting deposits and serving clients worldwide, with a focus on consumer credit, mortgages, investment banking, and asset management.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
