UniCredit’s Profit Rises; Guidance Revised Upwards for 2022

UniCredit Reports Fall in Q1 Earnings

Italy’s UniCredit reported a 70% YoY decline in net income to €247mn ($260.2mn) due to higher-than-expected Russia related provisions at €1.23bn ($1.3bn) in Q1. Total revenues were at €5.2bn ($5.5bn), up 7.3% YoY, driven by higher fees and net interest income....
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