On this episode of Stock Movers:   

- UniCredit SpA raised its outlook for full-year profit and shareholder distributions, giving a boost to Chief Executive Officer Andrea Orcel after the failed bid for rival Banco BPM SpA. The Milan-based lender on Wednesday lifted its guidance for profit this year to about €10.5 billion ($12.3 billion), from more than €9.3 billion previously, and said it would reach at least €11 billion by 2027. It plans to return at least €9.5 billion to shareholders in 2025. UniCredit shares rose 3.1% at 9:18 a.m. in Milan, bringing gains this year to 56%.   

- Dassault Aviation shares drop as much as 7%, the most since mid-May, after its first-half sales and profit missed expectations, with the French airplane maker’s private jet unit affected by supply chain issues and the threat of tariffs. Bernstein says that with the stock having recently been near record highs, the market reaction may be “amplified.”   

- SAP SE shares fell after the German software company flagged tariff insecurities and currency fluctuations as a concern even as cloud revenue posted solid growth.Cloud and software revenue increased 11% to €7.97 billion ($9.4 billion) in the period ended June 30, the Walldorf, Germany-based company said Tuesday in a statement. That missed analysts’ average estimate of €7.99 billion, according to data compiled by Bloomberg. SAP shares fell 3.7% to €249.80 at 9:19 a.m. in Frankfurt on Wednesday.

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