Commerzbank (DE:CBK) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Commerzbank’s Supervisory Board has reaffirmed its support for the company’s growth-oriented strategy, aiming for a Return on Equity over 12% by 2027. The bank is on track with its strategic plan, focusing on profitability and customer-centric services, intending to significantly increase shareholder returns with a projected net profit of over €3 billion and high payout ratios. Under the leadership of future CEO Bettina Orlopp, Commerzbank is set on expanding its market position and capitalizing on earnings potential across various segments, including its Polish subsidiary mBank.
For further insights into DE:CBK stock, check out TipRanks’ Stock Analysis page.