UniCredit Net Profit Plunges But Beats ForecastsMani
Italy’s largest bank, UniCredit SPA (BIT:UCG) said its first quarter net profit dropped by half due to lower interest and trading income.
Italy’s largest bank by asset reported that net income decreased to 449 million euros from 914 million euros last year, while total revenues were 6.08 billion euros, compared to 7.11 billion euros last year. It was able to reduce the cash reserve for bad loans to 1.2 . . .
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