UniCredit profit hits record as Orcel’s Commerzbank bet enters overdrive
UniCredit raised its 2026 profit target after delivering record first-half earnings, giving Chief Executive Andrea Orcel more room to pursue control of Commerzbank without weakening the Italian lender’s standalone investment case. Second-quarter net profit reached €2.9 billion, ahead of the €2.8 billion average forecast compiled by the bank. Excluding a €245 million trading and funding

