MILAN, May 2 (Reuters) - UniCredit on
Wednesday raised its financial targets for the year, after
joining peers in posting a stronger than expected first quarter
income.
Italy's only bank regulators deem of global systemic
relevance forecast a 2023 profit above 6.5 billion euros ($7.2
billion), improving the guidance it had given in February about
broadly matching its 2022 result of 5.2 billion euros.
Net profit in the first three months came in at 2.06 billion
euros, above an average analyst forecast of 1.3 billion euros,
boosted by a bigger than expected 18% yearly jump in revenues.
($1 = 0.9071 euros)
(Reporting by Valentina Za, editing by Cristina Carlevaro)
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