UniCredit Beats Profit, Raises Goals as CEO Pursues Commerzbank

UniCredit SpA reported higher-than-expected profit and raised its full year guidance as Chief Executive Officer Andrea Orcel moves closer to a takeover of Commerzbank AG.

By Sonia Sirletti · Bloomberg

UniCredit SpA reported higher-than-expected profit and raised its full year guidance as Chief Executive Officer Andrea Orcel moves closer to a takeover of Commerzbank AG.