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UniCredit jumps after record quarter, hiked profit goal

By Reuters News

** Shares in Italy's UniCredit CRDI.MI are up around 4.5% after the lender posted an above-estimates 24% yearly rise in Q3 earnings

** Posts best quarter ever on strong revenue growth, lower costs

** Also hikes full-year profit before extraordinary charges goal, now seeing the figure reaching well above €11.5 billion ($12.8 billion)

** JPMorgan, which has an "overweight" rating on the stock, says the 11% net operating profit beat was mainly driven by revenues coming in 7% above company-compiled consensus

** "UniCredit continues to demonstrate strong commercial dynamics with loans and deposits still up high-single-digit year-on-year, strong fee generation," it says in a note

** Stock at its highest price since early October, among top gainers on STOXX 600 .STOXX


($1 = 0.8961 euros)

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