2024-09-26 19:12
IndustryUnder-fire Commerzbank sets ambitious profit goal
Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving profits and shareholder returns.
Commerzbank expects its net profit to rise significantly to over €3 billion in 2027 and aims for payout ratios of more than 90% for the years 2025 to 2027. It’s aiming to increase its return on tangible equity to more than 12% by 2027.
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Under-fire Commerzbank sets ambitious profit goal
| 2024-09-26 19:12Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving profits and shareholder returns.
Commerzbank expects its net profit to rise significantly to over €3 billion in 2027 and aims for payout ratios of more than 90% for the years 2025 to 2027. It’s aiming to increase its return on tangible equity to more than 12% by 2027.
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