By Giovanni Legorano

MILAN-- UniCredit SpA said on Wednesday that second-quarter net profit increased 30%, helped by higher trading income and lower provisions for bad loans.

The Italian bank's net profit for the second quarter was EUR522 million ($567.5 million), compared with EUR403 million for the same period of last year.

Analysts expected net profit of EUR501 million, according to a poll by data provider FactSet.

Revenue declined to EUR5.73 billion from EUR5.8 billion, compared with analysts' expectations of EUR5.72 billion.

UniCredit stock jumped after the results were published, and stood 4.5% higher.

Write to Giovanni Legorano at giovanni.legorano@wsj.com

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