Germany's Commerzbank beats expectations with record profit

NAMPA / DPA
2025-01-31
Berlin (dpa) - German bank Commerzbank beat expectations to report a record annual profit of ?2.68 billion ($2.78 billion) on Friday in preliminary figures. The net result for the full financial year 2024 was 20% higher than the ?2.22 billion in the previous year, primarily helped by growth in revenue, the company said. Additionally, Commerzbank has approved a share buyback of up to ?400 million. Revenues for the year rose by 6% to ?11.11 billio......
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