UniCredit S.p.A.

BIT:UCG Stock Report

Market Cap: €105.6b

UniCredit Future Growth

Future criteria checks 1/6

UniCredit is forecast to grow earnings and revenue by 4.2% and 3.5% per annum respectively. EPS is expected to grow by 8.2% per annum. Return on equity is forecast to be 19% in 3 years.

Key information

4.2%

Earnings growth rate

8.24%

EPS growth rate

Banks earnings growth5.8%
Revenue growth rate3.5%
Future return on equity19.02%
Analyst coverage

Good

Last updated08 May 2026

Recent future growth updates

Analysis Article • May 08

Results: UniCredit S.p.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

A week ago, UniCredit S.p.A. ( BIT:UCG ) came out with a strong set of quarterly numbers that could potentially lead to...
Analysis Article • Feb 13

UniCredit S.p.A. (BIT:UCG) Released Earnings Last Week And Analysts Lifted Their Price Target To €81.53

Last week saw the newest yearly earnings release from UniCredit S.p.A. ( BIT:UCG ), an important milestone in the...
Analysis Article • Jul 26

UniCredit S.p.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in UniCredit S.p.A. ( BIT:UCG ) had a good week, as its shares rose 5.4% to close at €61.23 following the...
Analysis Article • May 15

UniCredit S.p.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

UniCredit S.p.A. ( BIT:UCG ) investors will be delighted, with the company turning in some strong numbers with its...

Recent updates

Analysis Article • May 08

Results: UniCredit S.p.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

A week ago, UniCredit S.p.A. ( BIT:UCG ) came out with a strong set of quarterly numbers that could potentially lead to...
Narrative Update • Apr 23

UCG: Higher Return Assumptions And Capital Returns Will Support Future Upside

Analysts have nudged their price expectations for UniCredit only slightly. The updated fair value estimate has moved by about €1, while research points to a higher required return, modestly adjusted revenue growth assumptions, a slightly stronger profit margin profile, and a marginally lower future P/E multiple.
Narrative Update • Apr 09

UCG: Mixed Rating Shifts And P/E Assumptions Will Shape Future Upside

Analysts have trimmed their UniCredit price target from about €72 to roughly €67.68, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples following mixed recent research that included both target cuts and raises, alongside a downgrade and an upgrade. Analyst Commentary Recent Street research on UniCredit has been mixed, with some firms raising price targets while others cut theirs or shifted ratings.
Narrative Update • Mar 26

UCG: Higher Profitability Assumptions Will Support Future Upside Potential

Analysts have raised their fair value estimate for UniCredit from €57.00 to €72.00. They cite higher assumed revenue growth, stronger profit margins and a slightly lower future P/E multiple, which are in line with recent price target increases from major banks such as Citi, JPMorgan and Morgan Stanley.
Narrative Update • Mar 10

UCG: Rising Margin Resilience And Broker Upgrades Will Support Further Upside

Our UniCredit fair value estimate increases slightly to €95.50 from €95.00, reflecting analysts' higher price targets from Citi and JPMorgan, along with an updated view on margin resilience and a lower assumed future P/E of 13.8x. Analyst Commentary Recent Street research has leaned clearly positive on UniCredit, with several bullish analysts lifting price targets and at least one major broker moving to a more constructive stance.
Narrative Update • Feb 24

UCG: Execution On Capital Returns And M&A Will Drive Future Upside

We have raised our UniCredit fair value estimate to €83.56 from €74.86, reflecting analysts' higher price targets and assumptions for slightly stronger revenue growth, improved profit margins, and a lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into the high €70s and low €80s, which supports a higher central fair value range for UniCredit and aligns with our updated €83.56 estimate.
Analysis Article • Feb 13

UniCredit S.p.A. (BIT:UCG) Released Earnings Last Week And Analysts Lifted Their Price Target To €81.53

Last week saw the newest yearly earnings release from UniCredit S.p.A. ( BIT:UCG ), an important milestone in the...
Narrative Update • Feb 10

UCG: Rising Earnings Visibility And Higher P/E Assumptions Will Support Further Upside

The updated analyst price target for UniCredit moves to €95.00 from €85.70, reflecting analysts' use of a slightly lower discount rate, moderately higher revenue growth assumptions, a similar profit margin, and a higher future P/E multiple in light of recent upward price target revisions from multiple brokers. Analyst Commentary Recent research updates for UniCredit point to a cluster of higher price targets from bullish analysts, with several major banks lifting their views over a relatively short period.
Narrative Update • Jan 27

UCG: Capital Returns And Deal Execution Will Shape Future Share Performance

Analysts have raised their price target on UniCredit from about €71 to roughly €75, citing updated assumptions for slightly higher revenue growth, improved profit margins and a marginally higher future P/E multiple. Analyst Commentary Recent Street research on UniCredit points to a generally constructive stance, with several price targets set in the high €70s to low €80s range.
Narrative Update • Jan 11

UCG: Earnings Guidance And Profitability Assumptions Will Support Further Upside Potential

Analysts have raised their fair value estimate for UniCredit from €84.30 to €85.70. This reflects recent price target increases to €79 and €76, supported by updated assumptions around revenue growth, profitability, and future P/E levels.
Narrative Update • Dec 18

UCG: Earnings Guidance And Capital Returns Will Support Further Upside Potential

Analysts have lifted their price target on UniCredit by approximately EUR 4 to EUR 84.30, citing slightly stronger expected revenue growth, improved profit margins and a modestly lower discount rate that together support a higher fair value multiple. Analyst Commentary Bullish analysts continue to see upside in UniCredit's equity story, with recent target price revisions reflecting confidence in the bank's ability to sustain earnings growth and capital returns.
Narrative Update • Dec 04

UCG: Capital Returns And Commerzbank Stake Options Will Shape Future Share Performance

UniCredit's analyst price target has edged higher to about EUR 71.12 from EUR 70.99, as analysts factor in slightly stronger revenue growth expectations, offset by a marginally lower profit margin and discount rate. Analyst Commentary Recent Street research on UniCredit reflects a generally positive stance on the bank, with upward revisions to price targets from several bullish analysts and only a modest downward adjustment from more cautious voices.
Narrative Update • Nov 19

UCG: Capital Returns Near 11% Will Drive Share Performance Forward

Analysts have increased their fair value estimate for UniCredit from approximately €68.29 to €71.00. They cite improved profit margins and stronger revenue growth expectations as key factors driving this upward revision.
Analysis Article • Jul 26

UniCredit S.p.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in UniCredit S.p.A. ( BIT:UCG ) had a good week, as its shares rose 5.4% to close at €61.23 following the...
Analysis Article • May 15

UniCredit S.p.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

UniCredit S.p.A. ( BIT:UCG ) investors will be delighted, with the company turning in some strong numbers with its...
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New Narrative • Nov 10

Strategic Transformations And Digital Integration Propel Growth Amidst Earnings Challenges

UniCredit's client-centric strategy and fee income focus are driving revenue growth, supported by a strong fee/revenue ratio.

Earnings and Revenue Growth Forecasts

BIT:UCG - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202828,31112,635N/AN/A14
12/31/202727,12511,792N/AN/A16
12/31/202626,01210,966N/AN/A16
3/31/202625,46411,156N/AN/AN/A
12/31/202525,04810,7097,2618,525N/A
9/30/202524,85010,470N/AN/AN/A
6/30/202524,78310,350-2,286-1,147N/A
3/31/202524,1969,685N/AN/AN/A
12/31/202423,9949,472-8,814-7,076N/A
9/30/202424,01110,386N/AN/AN/A
6/30/202423,86310,195-16,449-14,690N/A
3/31/202423,4139,826N/AN/AN/A
12/31/202322,9579,332-42,278-41,128N/A
9/30/202322,3089,086N/AN/AN/A
6/30/202321,2578,473-38,211-37,010N/A
3/31/202320,1838,174N/AN/AN/A
12/31/202218,0696,3819,09410,264N/A
9/30/202215,1053,076N/AN/AN/A
6/30/202214,4082,425-10,595-9,345N/A
3/31/202213,6721,447N/AN/AN/A
12/31/202114,2872,062-8,758-7,521N/A
9/30/202115,0911,689N/AN/AN/A
6/30/202114,4921,311105,683107,275N/A
3/31/202113,708636N/AN/AN/A
12/31/202011,250-2,95684,14985,579N/A
9/30/202011,600-2,587N/AN/AN/A
6/30/202012,310-2,087-20,810-18,582N/A
3/31/202012,556-1,899N/AN/AN/A
12/31/201915,0891,917N/A-16,207N/A
9/30/201916,0274,782N/AN/AN/A
6/30/201915,1183,572N/A10,889N/A
3/31/201915,8623,885N/AN/AN/A
12/31/201816,0983,888N/A-30,960N/A
9/30/201815,7752,184N/AN/AN/A
6/30/201816,5422,908N/A-51,344N/A
3/31/201816,6273,127N/AN/AN/A
12/31/201716,4102,759N/A2,143N/A
9/30/20176,091-11,235N/AN/AN/A
6/30/20175,902-11,672N/A17,891N/A
3/31/20176,370-11,811N/AN/AN/A
12/31/20165,857-12,548N/A-19,094N/A
9/30/201613,421-206N/A-11,859N/A
6/30/201613,802-17N/A-32,329N/A
3/31/201613,710-346N/AN/AN/A
12/31/201514,577216N/A-42,332N/A
9/30/201517,6661,866N/AN/AN/A
6/30/201518,2772,175N/A-58,197N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UCG's forecast earnings growth (4.2% per year) is above the savings rate (3.3%).

Earnings vs Market: UCG's earnings (4.2% per year) are forecast to grow slower than the Italian market (9.8% per year).

High Growth Earnings: UCG's earnings are forecast to grow, but not significantly.

Revenue vs Market: UCG's revenue (3.5% per year) is forecast to grow slower than the Italian market (5.4% per year).

High Growth Revenue: UCG's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: UCG's Return on Equity is forecast to be low in 3 years time (19%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 09:19
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

UniCredit S.p.A. is covered by 39 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Irene RossettoBanca Akros S.p.A. (ESN)
Javier Esteban LarioBanco de Sabadell. S.A.
Juan Lopez CoboBanco Santander