Profit rises in fourth quarter for Italian bank UniCredit
Net profit rose in the forth quarter of 2023 for Italian bank UniCredit SpA compared to the same period of last year. UniCredit SpA Monday reported net profit of €1.917 billion ($2.1 billion) for the fourth quarter, 19% higher than €1.612 billion in the comparable quarter last year, primarily helped by growth in net interest income. Earnings per share increased 35.6% from the previous-year quarter to €1.11. Excluding special items, stated net profit increased 14.1% to €2.81 billion from €2.464 billion a year ago. Revenue for the quarter grew 4.6% to €5.979 billion from €5.715 billion in the pr...