Unicaja rises after Q2 beat driven by higher core revenues and guidance upgrade

Unicaja Banco SA

29/07/2025 08:28

** Shares of Unicaja Banco UNI.MC rise 4.5%, to the top of Madrid's blue-chip IBEX 35 .IBEX index, after it posted a Q2 net profit beat driven by higher core revenues and raised its 2025 guidance

** The Spanish lender reported Q2 net profit of 179 million euros  ($206.64 million), above the 169 million euros expected by analysts polled by Reuters

** Barclays says Unicaja's Q2 beat was driven by higher core revenues with net interest income (NII) inflecting upward, with "solid trading/dividend income" offsetting slightly higher costs

** The broker expects the stock to outperform today as investors welcome the NII momentum and guidance upgrade

** Shares outperform IBEX 35 index, that rises 0.4%

** Up to the previous session's close, shares were up 66.2%​ YTD​

($1 = 0.8663 euros)

 (Reporting by Joao Manuel Mauricio)

 ((JoaoManuel.VicenteMauricio@thomsonrueters.com))