Ticker: UCG.MI

UniCredit CEO Andrea Orcel signals that fully taking over Commerzbank isn't the likely outcome, even as the Italian bank starts a tender offer to boost its stake in the German institution.

UniCredit ups its 2026 profit targets, riding on strategic stakes in Commerzbank and Alpha Bank, with tax credits bolstering Q4 results and 2025 earnings expectations.

UniCredit raises full-year profit forecast to €10.5B after abandoning Banco BPM bid, citing government interference. Q2 net profit jumps 25% to €3.3B, while shares rise 4.36%. Focus shifts to Commerzbank stake and shareholder dividends.