Unicredit is preparing to release the accounts for the third quarter tomorrow morning before the opening of the markets. The consensus of analysts published on the bank’s website indicates a net profit of 825 million euros (median value) from 692 million in the same quarter of 2020. Equita’s estimates are more conservative, indicating a profit of 766 million. Total revenues are seen at 4.26 bn, with net operating profit at 1.33 bn euros and net commissions at 1.624 bn.
At the level of capital ratios, Cet1 is seen to settle at 15.3%.
Looking at the whole of 2021, the consensus indicates a net profit of 3.16 billion euros (before the mid-year accounts the forecast was 2.52 billion), brokerage margin of 17.48 billion euros and net operating profit of 5.63 billion.
On the dividend front, analysts still have a certain variety of assessments on the size of the 2022 coupon (relating to the 2021 financial year): a coupon of € 0.45 per share is indicated (the range goes from € 0.18 to € 0.54 ).
Among analysts, the Buy on Unicredit shares are equal to 67% of the total (three months ago before the accounts of the 2nd quarter they were 52%, before the accounts of the 1st quarter only 30%); 29% say Hold while only 5% say Sell. The average target price is € 12.71.