Germany's Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy's UniCredit.

Germany's Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up with Italy's UniCredit .

German bank Commerzbank beat expectations to report a record annual profit of €2.68 billion ($2.78 billion) on Friday in preliminary figures. The net result for the full financial year 2024 was 20% higher than the €2.

In a report released today, Benjamin Goy from Deutsche Bank maintained a Buy rating on Commerzbank (0RLW – Research Report), with a price

The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of UniCredit’s bid for Commerzbank.

With profits up 20% and a payout of 71%, the German institution is preparing to defend its independence and consolidate investor confidence. The new strategic plan will be presented on February 13

Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have always signalled our willingness to talk and would examine a proposal from UniCredit in the interests of all stakeholders,

Commerzbank Aktiengesellschaft (CZB) Commerzbank approves the implementation of a further share buyback – dividend for the fiscal year 2024 expected to be €0.65 per share 31-Jan-2025 / 13:43 CET/CEST The issuer is solely responsible for the content of this announcement.

German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes.com.

Commerzbank AG is looking at job cuts and moving roles outside Germany as part of a strategy update that the lender is set to present on Feb. 13, the Financial Times reported, citing people familiar with the matter.

Group ramped up its support for Germany, approving over 9.6 billion euros in financing to boost competitiveness and innovation across key sectors, Trend reports. This marks the EIB’s largest financing volume in Germany in 15 years and the second-largest in its history.

"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is ...