Commerzbank AG reports nine-month results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Should l Buy ?
Financial Performance: Commerzbank AG reported a nine-month GAAP EPS of €1.45 and an operating profit of €2.84 billion.
Future Outlook and Developments: The bank has increased its 2027 ROTE target to 12.3%, while the German government is seeking advice on its stake in Commerzbank, amid EU regulators showing support for a potential UniCredit takeover.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
