Unicredit SpA (BIT:UCG) announced its earnings for the first quarter of 2012 earlier today giving the shares a boost in afternoon trading. Net income at the firm was up 12% year on year to $1.2 nillion in the first three months of the fiscal year. The results left the company up almost 7% on the Italian exchange when it closed earlier today.
Despite the positive reception most of the gains came from the company's buy back of its own debt. The company, like...
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