UniCredit's Beat, Guidance Lift to Be Well Received -- Market Talk
Dow Jones2025-07-23
0634 GMT - UniCredit's quarterly results and guidance raise should be welcomed by the market, Keefe, Bruyette & Woods says in a note after the Italian bank's update. UniCredit's earnings beat market views but had many positive one-offs, leading to a messier-than-usual print, analysts Hugo Cruz and Ben Maher write. "Management guidance improved once again but we think the market will want to understand how much of the improvement is due to the equity accounting of the stakes in [Commerzbank] and Alpha," they write, referring to the shareholding it holds in the German and Greek banks. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
July 23, 2025 02:34 ET (06:34 GMT)
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