UniCredit stock sits 12.99 percent below Morningstar fair value

Published on 10/12/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit rose 22.00 percent to EUR 3.1 billion. UniCredit stock was EUR 76.57 on October 12, 2026 versus the October 9 Xetra close of EUR 76.91.

Key points in brief

UniCredit stock sits 12.99 percent below Morningstar's EUR 88.00 fair value estimate.
First-half 2026 net profit rose 22.00 percent to EUR 3.1 billion, according to UniCredit.
The third-quarter 2026 results approval is scheduled for November 8, 2026, with the presentation on November 9, 2026.
UniCredit's market capitalization was EUR 115.7 billion as of October 12, 2026.

Flatlay: Euro-Banknoten, Goldbarren, Aktienzertifikat und Europa-Karte auf Marmor — UniCredit IT0005239360 – Flatlay mit Euro-Scheinen, Goldbarren, Aktien-Zertifikat, Europa-CEE-Karte und ISIN-Karte auf weißem Marmor, Illustration mit AI erstellt.

UniCredit (IT0005239360) stock sits 12.99 percent below Morningstar's EUR 88.00 fair value estimate, based on a Lang & Schwarz price of EUR 76.57 on October 12, 2026 versus the Xetra close of EUR 76.91 on October 9. Morningstar published the EUR 88.00 estimate on October 1, 2026.

Profit growth remains the anchor

UniCredit's latest reported period is the first half of 2026. Its investor materials show revenue of EUR 6.7 billion, up 13.00 percent year over year, while net profit reached EUR 3.1 billion, an increase of 22.00 percent.

The same presentation reported a 35.20 percent cost-to-income ratio in the second quarter of 2026 and a 19.70 percent return on allocated capital in the first half. These figures give the valuation debate a concrete operating base rather than relying only on the bank's acquisition strategy.

Three milestones set the timeline

On July 23, 2026, UniCredit published its second-quarter and first-half results with EUR 6.7 billion of revenue and EUR 3.1 billion of net profit. On October 1, 2026, Morningstar cited an EUR 88.00 fair value estimate and reported that the stock was up 17.00 percent year to date.

On October 9, 2026, UniCredit announced a revised schedule for its third-quarter results. Bankier.pl reported that board approval moved to November 8, 2026, from October 21, 2026, while the results presentation moved to November 9, 2026, from October 22, 2026.

What do the new dates mean?

The schedule puts the next major company-specific valuation test in November. The two-day sequence gives the board approval date and the investor presentation separate roles, while Morningstar's EUR 88.00 fair value remains 14.92 percent above the Lang & Schwarz price when measured against the estimate.

Stock valuation and trading snapshot

UniCredit was trading at EUR 76.57 at Lang & Schwarz on October 12, 2026 at 9:16 a.m. CEST, EUR 0.34 below the Xetra close of October 9, 2026 at EUR 76.91, equal to minus 0.44 percent. The primary listing is on Borsa Italiana in Milan, where the finance quote showed EUR 76.95 at 9:03 a.m. CEST on October 12, 2026.

The bank's market capitalization was EUR 115.7 billion as of October 12, 2026. Its 52-week range was EUR 57.36 to EUR 86.42, leaving the Lang & Schwarz price EUR 9.85 below the high, or 11.39 percent.

The further course of trading is shown by the continuously updated real-time quote of UniCredit stock.