Overview
- After a near‑record €2.6 billion profit for 2025, Commerzbank said it expects to beat its previous €3.2 billion earnings goal for this year.
- The payout plan lifts the dividend to €1.10 per share and adds up to €540 million in new buybacks, taking total distributions to about €2.7 billion.
- Management reaffirmed 2028 targets of €4.2 billion in profit and a 50% cost‑income ratio, with greater deployment of artificial intelligence to improve efficiency.
- Unicredit holds roughly 26% of Commerzbank and has access to about 3% more via instruments, has made no formal offer, and would face a mandatory bid at 30%.
- FAZ reports Unicredit’s record results could enable a largely share‑financed offer, even as the federal government opposes a sale of its stake.