India, Nov. 9 -- Shares of UniCredit S.p.A. were gaining around 5 percent in Italian trading after the bank on Monday raised fiscal 2026 outlook after reporting strong growth in third-quarter profit and revenues. The Italian lender, which is in the process of full consolidation of Commerzbank AG, further said it is heading into 2027 with strong momentum, while confirming profit targets for fiscal 2028 and fiscal 2030.
Regarding Commerzbank, the company noted that all remaining regulatory approvals, after the recent European Central Bank approval, to acquire control of Commerzbank are expected by late November.
Upon settlement of the offer, the Group will take control of Commerzbank, and the new governance will be in place in the first qua...