Commerzbank Achieves Best Quarterly Net Result in Over a Decade

• Commerzbank has reported its best quarterly net result in over a decade, with a net profit of €747 million in Q1 2024, a 29% increase from Q1 2023.
• The bank's operating result increased by 24% to €1.1 billion, driven by strong customer business and a favourable interest rate environment.
• Revenues increased to €2.75 billion, thanks to strong customer business and a favourable interest environment.
• Costs were reduced to €1.6 billion, improving the cost-income-ratio to 58%.
• The CET1 ratio increased to 14.9%, up from 14.7% at the end of Q4 2023.
• The bank confirmed its targeted pay-out ratio for 2024 of at least 70%.

The next important date, Result Q1 2024, at Commerzbank is on 15.05.2024.

The price of Commerzbank at the time of the news was 14,348EUR and did not change compared to the previous day.
12 minutes after the article was published, the price was 14,410EUR this corresponds to a plus of +0,44 % since publication.
At this time, the index DAX was at 18.776,00PKT (+0,02 %).

Commerzbank

+0,77 %

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+10,57 %

+44,64 %

+61,02 %

+136,27 %

+136,66 %

+31,67 %

-82,95 %

ISIN:DE000CBK1001WKN:CBK100

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