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UniCredit: Premium Profitability Deserves A Premium Valuation

UniCredit is guiding for its return on tangible equity to rise from 19% in 2025 to 25% by 2030, supporting a "Buy" rating. Resilient net interest revenue, fee growth, and disciplined cost control underpin UNCRY's strong earnings despite a lower interest rate environment. Management expects to return €50 billion to shareholders across 2026-2030, about 45% of UNCRY's current market cap. A strong capital cushion can…

Seeking Alpha • Feb 12, 2026

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