According to the Commerzbank CEO Manfred Knof, it is on this card.
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Commerzbank Unexpectedly, on Friday, the results were unexpectedly announced, promoting “record” annual profits and a new stock repurchase system.
The bank said in 2024 that net profit increased by 20% to 26 billion euros ($ 27.8 billion). This means that the consensus quoted by Reuters is compared with a $ 24.7 billion net profit forecast during the period.
The group suggested to repurchase 400 million euros and suggested that dividends will be raised to 0.65 euros per share compared to 0.35 euros per week.
The stock of the lender ended a 1.7% higher day.
Other annual highlights pointed out that net profit of € 8.3 billion in 2024 reached € 8.3 billion, and banks benefited from foreign exchange evaluation effects in the fourth quarter. In 2023, the company’s goal of the group, with a maximum return of 9.2%in 2024, was at least 8%in 2024.
The group was originally listed on February 13th to publish its 4Q and annual income, which plans to provide annual strategy updates and prospects. In the initial release, it proceeds in stages with the legal requirements of Germany when the return of capital surpasses the expectation of the capital market.
The result was the result because the second largest loan agency single red in Italy was made of independence after steak production due to speculation of potential acquisitions in the market speculation stalked. UNICREDIT is now building a steak in September, and then owns 9.5% stake and 18.5% stake through Commerzbank’s derivatives.
Jörg Kukies Finance Minister last week, in a CNBC interview, reached UNICREDIT’s “very aggressive and very opaque” resistance.
“We have exceeded shareholders a promise of capital profit to shareholders,” said Bettina Orpp, a commerzbank CEO.
“Profitability and new growth initiative will further strengthen capital revenue over the next few years. Commerzbank remains attractive.”
After September’s description, UNICREDIT also began bidding for domestic Italian colleagues. Bank BPMWe question whether we are pressure on domestic or German ventures.
