RBC keeps EUR 90.00 target for UniCredit stock amid deal risk

Published on 10/02/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 5.32 percent in the second quarter of 2026. UniCredit stock costs EUR 78.11 on October 2, 2026 after EUR 79.99, down 2.35 percent.

Editorial: Händler am Borsa Italiana Trading-Floor mit Kursmonitoren und Anzeigetafeln — UniCredit IT0005239360 – Editorial-Fotografie eines europäischen Börsenhandelsraums Borsa Italiana Milano mit Händlern und Kursbildschirmen, Illustration mit AI erstellt.

RBC kept its EUR 90.00 target and Sector Perform rating for UniCredit stock on October 2, 2026, citing execution risks in the Commerzbank and HVB plans. The Lang & Schwarz quote was EUR 78.11 at 1:40 p.m. CEST, down 2.35 percent from the EUR 79.99 prior close on October 1, 2026.

RBC flags Commerzbank execution risk

According to Aktiencheck on October 2, 2026, RBC analyst Pablo de la Torre Cuevas maintained the EUR 90.00 target and Sector Perform rating. The note said a possible Commerzbank and HVB combination could create a win-win outcome, but the complex plans also carry execution risks.

That assessment places the EUR 90.00 target 15.22 percent above the Lang & Schwarz price of EUR 78.11. For investors, the key issue is therefore not only the potential strategic value of the German transaction, but also how much of that value can be delivered without disrupting the bank's operating performance.

First-half profit reaches EUR 3.1 billion

UniCredit's investor page reported on July 23, 2026 that revenue reached EUR 6.7 billion in the first half of 2026, up 13.00 percent year over year. Net profit rose 22.00 percent to EUR 3.1 billion, while earnings per share increased 28.00 percent in the same period, according to UniCredit.

The latest quarterly comparison was less uniform: finanzen.ch reported revenue of EUR 6.58 billion for the second quarter of 2026, up 5.32 percent from EUR 6.25 billion a year earlier, while earnings per share declined to EUR 1.87 from EUR 2.09. That contrast makes execution and capital discipline central to the Commerzbank discussion.

Stock sits below its yearly high

At EUR 78.11, UniCredit stock was 9.62 percent below its EUR 86.42 52-week high and 36.21 percent above its EUR 57.36 52-week low on October 2, 2026. The bank's market capitalization stood at EUR 117.6 billion on the same date.

The next scheduled quarterly milestone is October 21, 2026, when UniCredit is expected to report third-quarter figures, according to finanzen.ch. That date will give the market a fresh measure of earnings momentum before the strategic plans move into their next stage.

Stock trades below its yearly high

UniCredit was trading at EUR 78.11 at Lang & Schwarz on October 2, 2026 at 1:40 p.m. CEST, down 2.35 percent versus the Lang & Schwarz prior close of EUR 79.99 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of UniCredit stock.