CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

UniCredit tops forecasts with record quarter after securing control of Commerzbank

By Reuters News

MILAN, Nov 9 (Reuters) - UniCredit CRDI.MI, Italy's second-biggest bank, on Monday posted a much larger than forecast 24% yearly rise in third-quarter earnings and hiked its full-year profit goal, as it prepares to take the lead at Germany's Commerzbank CBKG.DE.

Net profit in the July-September period rose to €3.3 billion ($3.68 billion), above the €2.8 billion in a company-provided average analyst consensus.

UniCredit now sees its 2026 profit before extraordinary charges well above €11.5 billion while it previously expected it to be worth around that figure.

After securing European Central Bank approval in mid-October to own more than 30% of Commerzbank, UniCredit expects to be able to take control of the rival this year, once it completes the remaining regulatory steps relating to its takeover bid.




($1 = 0.8961 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.