- UniCredit reported a net income of €1.97 billion for 4Q, surpassing estimates of €1.62 billion.
- The bank’s revenue stood at €6.00 billion, exceeding expectations of €5.87 billion.
- Revenue in Italy was €2.75 billion, slightly above the projected €2.73 billion.
- Germany’s revenue was slightly below estimates, at €1.24 billion compared to €1.29 billion expected.
- Central Europe revenue reached €1.13 billion, beating the €1.06 billion forecast.
- Net interest income was robust at €3.65 billion, outperforming the estimate of €3.47 billion.
- In Italy, net interest income was €1.70 billion, higher than the anticipated €1.6 billion.
- Germany’s net interest income came in at €666 million, just above the estimate of €653.5 million.
- Net fee and commission income was reported at €1.98 billion, slightly above the €1.96 billion estimate.
- Trading profit was lower than expected, at €270 million compared to €371.9 million estimated.
- Pretax profit was €2.01 billion, marginally outpacing the €1.98 billion forecast.
- Provision for loan losses was €357.0 million, better than the estimated €408 million.
- Operating costs were managed well, at €2.51 billion compared to an expected €2.53 billion.
- The cost-to-income ratio improved to 41.8%, beating the forecast of 43%.
- UniCredit’s common equity Tier 1 ratio was stronger than expected at 15.9% versus 15.6% forecasted.
- Analyst consensus includes 15 buy ratings, 5 hold ratings, and 2 sell ratings.
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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. holds a promising long-term outlook as per Smartkarma Smart Scores. The company shines with top scores in Dividend, Growth, and Momentum, highlighting strong performance in these key areas. With a solid Value score and a focus on rewarding shareholders through dividends, UniCredit demonstrates financial stability and a commitment to providing returns to investors. Its robust Growth score indicates the company’s potential for expansion and future profitability, positioning it well for sustained success. Furthermore, the high Momentum score suggests a positive trend in the company’s stock performance, reflecting investor confidence in UniCredit’s prospects.
Despite facing some challenges in the Resilience factor, UniCredit S.p.A.’s overall outlook remains optimistic. The company’s global presence and diverse range of banking services, including consumer credit, investment banking, and asset management, contribute to its appeal to a wide customer base. With a strong emphasis on maintaining dividends, driving growth, and capitalizing on market momentum, UniCredit’s strategic approach positions it well for long-term success in the competitive banking industry.
Summary of the description of the company based on the information provided:
UniCredit S.p.A. attracts deposits and offers commercial banking services. The Bank provides consumer credit, mortgages, life insurance, business loans, investment banking, asset management, and other services. UniCredit operates worldwide.
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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