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.

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