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UNI — Unicaja Banco SA News Story

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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)

((JoaoManuel.VicenteMauricio@thomsonreuters.com))

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