Commerzbank Third Quarter 2024 Earnings: Beats Expectations
1 day ago · Commerzbank Third Quarter 2024 Earnings: Beats Expectations. Revenue: €2.43b (down 7.2% from 3Q 2023). Net income: €836.0m (down 4.8% from 3Q 2023). Profit margin: 34% (in line with 3Q 2023 ...
UniCredit and Commerzbank square off with target hikes
6 days ago · Both banks reported third-quarter results on Wednesday, with UniCredit posting an 8% year-on-year hike in net profit to 2.5 billion euros ($2.25 billion), compared with a Reuters-reported 2.27 ...
UniCredit touts Commerzbank merger merits as both banks lift …
6 days ago · UniCredit, which is now awaiting supervisory approval to become the main investor in Commerzbank, said it aimed to replicate in 2025 and 2026 a recently raised 2024 profit goal of more than 9 ...
Commerzbank Sells SRT as CEO Sets Out to Free Up Capital
November 05, 2024 at 7:37AM EST. (Bloomberg) -- Commerzbank AG is working on a significant risk transfer amid an effort by Chief Executive Officer Bettina Orlopp to unlock capital. The German lender is selling an SRT linked to a portfolio of €2 billion ($2.2 billion) in corporate loans, according to people familiar with the matter.
Commerzbank AG (CRZBF) Q3 2024 Earnings Call Highlights: Strong Net ...
5 days ago · Commerzbank AG (CRZBF) reported a strong net result of EUR1.9 billion for the first nine months of 2024, translating into a return on tangible equity of 8.8%, surpassing their target of at least 8 ...
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank - The New ...
Nov. 1, 2024. Germans are eager to sell hundreds of billions of euros’ worth of goods in Italy, while drinking its wines, skiing its Alps and sunning on its beaches. But in the weeks since ...
A Commerzbank takeover? Some Mittelstand executives say why …
Oct 9, 2024 · Chancellor Olaf Scholz has labelled the Italian bank’s stakebuilding an “unfriendly attack” while Friedrich Merz, leader of the German opposition Christian Democratic Union, said a tie-up of ...
Commerzbank shares up after UniCredit buys stake from German …
Sep 11, 2024 · Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. The stake acquisition marks the...
UniCredit boosts its stake in Commerzbank, applies to own up to …
Sep 23, 2024 · UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the...
UniCredit CEO approaches Commerzbank about merger after …
FRANKFURT/MILAN, Sept 11 (Reuters) - UniCredit's (CRDI.MI) CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's...