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Under-fire Commerzbank sets ambitious profit goal - MarketWatch

Sep 26, 2024, 6:51 AM EDT1 sourcesAI-analyzed

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Commerzbank forecasts profits over €3 billion by 2027. Shareholder payout ratios expected above 90% from 2025 to 2027. Return on tangible equity forecasted to exceed 12% by 2027. The German government supports Commerzbank's independence against UniCredit. Commerzbank shares surged 6%, marking a 52-week high.

  • Commerzbank forecasts profits over €3 billion by 2027.
  • Shareholder payout ratios expected above 90% from 2025 to 2027.
  • Return on tangible equity forecasted to exceed 12% by 2027.
  • The German government supports Commerzbank's independence against UniCredit.
  • Commerzbank shares surged 6%, marking a 52-week high.

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