UniCredit S.p.A ( (UNCFF) ) has released its Q4 earnings. Here is a breakdown of the information UniCredit S.p.A presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
UniCredit S.p.A is a prominent European financial institution providing a wide range of banking services, primarily operating in the financial sector with a significant footprint across Europe. In its latest earnings release, UniCredit reported a record net profit of €9.7 billion for the year 2024, marking a 2% year-on-year increase. The bank highlighted a robust return on tangible equity of 21% and an impressive earnings per share growth of 22%. Key financial metrics showed net revenue at €24.2 billion, up by 4% from the previous year, driven by strong client activity and product offerings. The cost-income ratio was an industry-leading 37.9%, despite inflationary pressures, underscoring the bank’s operational efficiency. The asset quality remained solid, with a low cost of risk at 15 basis points. The CET1 ratio stayed strong at 15.9%, reflecting healthy capital generation. Looking ahead, UniCredit aims to maintain its profitability and distribution levels, with an ambition for net profits to reach €10 billion by 2027. The bank is committed to sustainable growth, focusing on ESG targets and maintaining a competitive edge in the European banking landscape.
