Italian lender UniCredit SpA has underwhelmed investors with its cautious outlook, citing lower interest rates and reduced profits in Russia as reasons for not meeting its target of returning €9 billion to shareholders this year. CEO Andrea Orcel aims to pursue takeovers in Italy and Germany but shares have plummeted, marking the largest drop in a month. The bank’s adjusted profit is now expected to remain flat, casting doubt on its plans to increase annual payouts over the next three years.
Source: https://www.bloomberg.com/news/articles/2025-02-11/unicredit-boosts-investor-payouts-as-ceo-orcel-pursues-deals