UniCredit Third Quarter 2024 Earnings: Revenues Beat Expectations

UniCredit (BIT:UCG) Third Quarter 2024 Results

Key Financial Results

• Revenue: €5.96b (up 2.4% from 3Q 2023).
• Net income: €2.51b (up 8.2% from 3Q 2023).
• Profit margin: 42% (up from 40% in 3Q 2023). The increase in margin was primarily driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

UniCredit Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.2%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.0% growth forecast for the Banks industry in Italy.

Performance of the Italian Banks industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for UniCredit (1 is significant!) that we have uncovered.

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