1021 GMT - UniCredit will post above-consensus net profit figures for the second-quarter, Bank of America analysts forecast. Positive deposit flows and stable costs will help the Italian bank notch net profit of 3.1 billion euros for 2Q, 9% ahead of market consensus, the analysts say. UniCredit stock is undervalued given the bank's capacity to deliver further cost cuts and its potential to return capital to shareholders, they say. Mergers activity within European banking also presents opportunities. "Consolidating fragmented banking markets comes with significant value creation and this potential is undervalued, in our view." UniCredit shares rise 1%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
July 16, 2026 06:22 ET (10:22 GMT)
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