Unicaja shares rise after Q2 profit beat, lending income recovery
BUZZ-Unicaja shares rise after Q2 profit beat, lending income recovery ** Shares of Unicaja UNI.MC rise 3.4% after the lender's second quarter net profit came in above expectations driven by higher fees, income from dividends and a recovery in lending income
** It booked a net profit of €201 million in the April to June period, above the €186 million forecast by analysts in a Reuters poll
** "Stronger-than-expected lending growth is surely a positive, especially in the case of Unicaja which has recently underperformed peers on volumes," Jefferies says
** Shares of Unicaja top Madrid's IBEX35 .IBEX index, which is up 0.7%
** Up to the previous session's close, shares were up 17.1% YTD
(Reporting by Joao Manuel Mauricio)
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