Investment Banking

UniCredit shares jump on plan to boost shareholder returns

UniCredit shares jump on plan to boost shareholder returns
Photo: Emanuele Cremaschi/Getty Images

UniCredit shares jumped after the Italian bank said it plans to boost its capital distributions to shareholders and upgraded its 2024 profit outlook.

At 9.06am on 5 February, shares in UniCredit traded 9.8% higher at €29.30. This took its gain over the past year to nearly 63%, against a 5.9% rise in the Stoxx Europe 600 Banks index in the same period.

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