Commerzbank Sets up Profit Target
8 Articles
8 Articles
Since autumn, Commerzbank has resisted the desire of Unicredit. Increasing profits and higher dividends are expected to keep shareholders at the helm. 2025 is now running better than expected.
Germany's second-largest bank, Commerzbank, posted a net profit of 462 million euros in the second quarter of this year, down 14 percent from a year earlier. Following these unexpectedly favorable figures, the bank raised its full-year 2025 forecast. Net profit is expected to rise to around 2.5 billion euros, management announced today.
Commerzbank, under threat of a takeover by UniCredit, raised its annual forecasts on Wednesday despite a 14% drop in net profit in the second quarter to 462 million euros (barely less in Swiss francs), affected by restructuring costs.
For 2025, the Management Board now expects a net result of around 2.5 billion euros and therefore 100 million euros more than previously expected.
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