Finance
UniCredit Shares Hit 14-Year High to Push Market Cap Past Intesa
A UniCredit branch in Turin, Italy.
Photographer: Giuliano Berti/BloombergThis article is for subscribers only.
UniCredit SpA’s share price rose to a 14-year high on Monday, lifting its market capitalization past rival Intesa Sanpaolo SpA to make it Italy’s largest bank by that metric.
UniCredit’s valuation increased to €87.3 billion at market close after it reported its highest quarterly profit ever.