JPMorgan keeps EUR 94 target for UniCredit stock

Published on 10/05/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached EUR 6.70 billion, up 13.00 percent year over year. UniCredit stock costs EUR 79.12 on October 5, 2026 after EUR 78.92.

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UniCredit (ISIN IT0005239360) was trading at EUR 79.12 at Lang & Schwarz on October 5, 2026 at 1:50 p.m. CEST, up 0.25 percent versus the EUR 78.92 prior close. On October 1, JPMorgan kept its Overweight rating and EUR 94.00 price target, according to FinanzNachrichten.de.

Analysts keep targets near EUR 94

JPMorgan's EUR 94.00 target stands EUR 14.88 above the Lang & Schwarz price, a difference of 18.81 percent based on the October 5 quote. The bank made only marginal changes to its earnings estimates before UniCredit's quarterly results, the October 1 analysis said.

Deutsche Bank Research took a more cautious view on September 30. It raised its target from EUR 77.00 to EUR 78.00 and retained a Hold rating, according to FinanzNachrichten.de. The gap between the two targets shows how much the Commerzbank strategy and earnings outlook shape the current valuation debate.

Revenue rises 13.00 percent in Q2

UniCredit's 2Q26 and 1H26 results presentation reports EUR 6.70 billion in second-quarter revenue, up 13.00 percent year over year, and EUR 3.10 billion in net profit, up 22.00 percent year over year, according to UniCredit. The same presentation shows a 35.20 percent cost-income ratio in the second quarter and a 19.70 percent return on allocated capital in the first half of 2026.

Those figures give the analyst debate a concrete operating base. Revenue growth and net profit growth both exceeded the pace of cost growth, while the cost-income ratio remained a key measure of whether the bank can sustain profitability during expansion.

October 21 brings the next results

UniCredit's next quarterly results are scheduled for October 21, 2026, when the board is also expected to set the per-share amount of the interim dividend, according to Economia Italia. The date gives investors a defined checkpoint for the earnings estimates cited by JPMorgan and for the bank's 2026 profit guidance.

UniCredit stock stays above prior close

UniCredit stock was trading at EUR 79.12 at Lang & Schwarz on October 5, 2026 at 1:50 p.m. CEST, up 0.25 percent from the EUR 78.92 prior close. The further course of trading is shown by the continuously updated real-time quote of UniCredit stock.