FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FINANCIALS: Unicredit: Revenues, Loan Losses Better, Guidance Upgraded

FINANCIALS

Unicredit (UCGIM: Baa3/BBB-/BBB-) results also look positive with a 5% revenue beat (!), upgraded guidance, loan losses better than expectations driving a 13% pre-tax profit beat. CET1 is broadly in line (at 16.2% fully loaded) and the share buyback size has been formalised (slightly larger than expected, we feel). Spreads have tightened into these results, but these figures still look positive, even in light of that, we feel.

  • “*UNICREDIT 2Q NET INCOME EU2.68B, EST. EU2.41B
  • *UNICREDIT SEES FY NET REV. ABOVE EU23B, SAW ABOUT EU22.5B
  • *UNICREDIT 2Q REV. EU6.33B, EST. EU6.04B
  • *UNICREDIT ANNOUNCES INTERIM SHARE BUYBACK OF ABOUT EU1.7B

Conf call is 0900 (London time) at: https://multimedia.unicredit.eu/view/24072024-2Q24-1H24-Group-Results-Presentation

BulletCredit Bullets
BulletCredit Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.