Yahoo Finance

UniCredit lifted its guidance for the year after first-quarter earnings beat analysts’ expectations, boosted by higher fee income. The Italian lender said net profit increased to 2.77 billion euros ($3.12 billion) from 2.56 billion euros a year earlier on revenue that grew 2.8% to 6.55 billion euros. Analysts had forecast net profit of 2.33 billion euros on revenue of 6.06 billion euros, according to a company-provided consensus.