NEW YORK (dpa-AFX Broker) – The US bank JPMorgan has raised the price target for UniCredit from 30 to 32 euros and left the rating at “Overweight”. The Italian banks should have benefited again in the third quarter from higher net interest income and still low risk provisions, wrote analyst Delphine Lee in an industry study available on Monday. This is likely to have compensated for the still weak fee income and the seasonally weaker trading business. It assumes a further increase in the targets for net interest income and net income. Intesa Sanpaolo remains Lee’s preferred title. But Unicredit also offers an attractive return, emphasized the expert./gl/edh
Publication of the original study: October 6th, 2023 / 8:52 p.m. / BST First distribution of the original study: October 9th, 2023 / 12:15 a.m. / BST
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