UniCredit, Italy's second largest bank, reported a fourth quarter profit that was triple analysts' estimates, enabling it to allocate $9.28 billion for dividends and buybacks. Following the announcement of the blowout 4Q results, UniCredit's shares surged by 10%, reaching an eight-year high. The bank has committed to matching its 2023 income in the current year after surpassing forecasts.
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UniCredit has ways to keep defying gravity - https://t.co/hZOALQgcOy - @LJucca https://t.co/7h2sxI7Iy8
Shares of Italy's UniCredit jump 10% and hit eight-year high on earnings beat https://t.co/UsO6geNaOp
UniCredit leapfrogs 2023 income forecast, vows to match it this year https://t.co/qpmWNWsa4D https://t.co/sONmVSxYx8
UniCredit plans $9.28 billion in dividends, buybacks after blowout 4Q results https://t.co/jl17FTSoHk
UniCredit vows to match 2023 income this year after beating forecast https://t.co/I3YGD20ppl https://t.co/vwAXZiYa6p
UniCredit posted fourth quarter profit that was triple analysts estimates, allowing Italy's second largest bank to boost investor returns to $9.3 billion https://t.co/V2D7r16viw