shares of italys unicredit spa jumped thursday after chief executive andrea orcel announced the bank would raise its guidance for the year when it reports thirdquarter results next month saying the lender is wellprepared to navigate economic turbulence arising from russias invasion of ukraine and achieve its targets even during a recession speaking at a conference in london on thursday mr orcel said the lender would substantially upgrade 2022 guidance in the third quarter unicredit had already raised forecasts for the year in july projecting revenue excluding russia of at least 167 billion euros 1643 billion mr orcel also said he was optimistic about next year given the lines of defense and the momentum we have skyrocketing inflation is forcing the european central bank to increase interest rates and european banks have started to reap higher profits from rising rates write to cristina roca at cristinarocawsjcom and mauro orru at mauroorruwsjcom