Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit

Key Points

Commerzbank bank said it achieved a 20% increase in net profit to 2.68 billion euros ($2.78 billion) in 2024. This compares with a $2.47 billion net profit forecast for the period, according to a consensus estimate cited by Reuters.
The group will deliver its annual strategy update and outlook on Feb. 13.
“We have exceeded our capital return promise to our shareholders,” said Commerzbank CEO Bettina Orlopp in a statement accompanying the results.

Source

Finance

JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse

May 19, 2025

Key Points JPMorgan Chase CEO Jamie Dimon warned Monday about the risks of record U.S. deficits, tariffs and international tensions. Dimon, the chairman of the biggest U.S. bank by assets, said stock markets aren’t properly representing the possibility of higher inflation and even stagflation. Dimon also discussed his timeline to hand over the CEO reins […]

Finance

Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba and more

May 19, 2025

Check out the companies making headlines in midday trading. UnitedHealth — The health insurer’s stock popped roughly 7% as investors scooped up shares of the beaten-down name, which lost 23% last week. UnitedHealth had suspended its 2025 guidance, announced that its CEO is stepping down and is reportedly the subject of a U.S. Department of […]

Finance

Scott Bessent calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade

May 18, 2025

Treasury Secretary Scott Bessent appears before the House Financial Services Committee on May 7, 2025 in Washington, DC. Pete Marovich | Getty Images Treasury Secretary Scott Bessent said in an interview on NBC News’ “Meet the Press” that Moody’s Ratings were a “lagging indicator” after the group downgraded the U.S.’ credit rating by a notch from the highest […]