UnicRedit Revenue Q4 2024

Italy’s second largest lender UniqueRedit On Tuesday, it recorded a fourth-quarter profit beat, raising returns for shareholders that focused on the market in banks’ M&A overtures.

According to LSEG-compliant consensus, net income attributable to the group was 196.9 billion euros ($2.03 billion) in the fourth quarter, compared to analyst forecasts of 18.03 billion euros ( ($2.03 billion).

Revenue reached 6 billion euros over the period, while analysts were expecting 5.898 billion euros.

UnicRedit has been at the epicenter of Italy’s early integration since late last year. Commerzbankand acquisition offers for domestic peers Bank BPM The end of 2024. Italian lenders have previously refused to play UnicRedit’s opening game, but CEO Andrea Orcel I told Bloomberg His opening bid for Banco BPM was just a “fair starting point.”

The German regime condemned it monolithically.”Very aggressive, very opaque, not transparent“Commerts Bank bids amid the same resistance to the domestic front and a broader government will form a third Italian bank Titan. Intesa sopaolo And UnicRedit. On February 2nd, Unicredit announced that it complicates the Italian trade landscape 4.1% stake build Top Italian insurance companies Generali Grouphowever, it emphasizes that “no strategic interest” motivates ventures.

Seriously, Italy operates under the laws of the so-called golden powers, and Rome is to interfere with or set conditions for the acquisition of foreign and domestic companies in key sectors such as defense, energy, communications and banking. It enables.

Market participants are looking at which of the Twin-Onded suits Unicredit commits or whether they can see both targets.

This fast news article has been updated.