Italian UniCredit SpA upgraded its financial expectations for this year, after the lender posted an unexpectedly high net profit rise of 8.3% to €2.8 billion year-on-year for the first three months of 2025.
Net revenues were up 2.8% to €6.bn, driven by fees up 8.2% to €2.3bn in the same period, driven mainly by strong growth in investment and financing fees. This offset the declining net interest income, which was down 4.8% quarter on quarter to €3.5bn.
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