UniCredit Q2: Record Quarter, Dividend To Watch, Caution Advised

  • UniCredit has completed a remarkable turnaround, delivering record results and outperforming the S&P 500 by 100 percentage points since 2020. Recent earnings highlight top-tier profitability, operational efficiency, and capital strength, with a cost-income ratio below 38% and CET1 at 16.2%. Shareholder returns remain outstanding, with a 5% dividend yield, a 46% YoY dividend increase, and a €3.6B buyback program announced.