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An update from Commerzbank ( (DE:CBK) ) is now available.
Commerzbank’s Annual General Meeting approved a dividend of 65 cents per share and authorized further share buybacks, resulting in a total return of €1.73 billion to shareholders for the 2024 financial year. The meeting also saw the election of Sabine Lautenschläger-Peiter and Michael Gorriz to the Supervisory Board. The bank’s leadership emphasized its strategic role in navigating geopolitical tensions and trade policy disruptions, with a focus on supporting the German Mittelstand and foreign trade financing. Commerzbank aims to leverage its strong position to drive growth and increase capital returns, reflecting its commitment to delivering value to stakeholders.
More about Commerzbank
Commerzbank is a full-service bank with two main business segments: Corporate Clients and Private and Small-Business Customers. It is a leading bank for the German Mittelstand and plays a significant role in foreign trade financing, managing approximately 30% of Germany’s foreign trade. The bank operates internationally in more than 40 countries and serves around 24,000 corporate client groups. Commerzbank also offers a wide range of products and services to private and small-business customers in Germany, with an omni-channel approach and a digital primary bank under the comdirect brand. Its Polish subsidiary, mBank S.A., serves approximately 5.8 million customers in Poland, the Czech Republic, and Slovakia.
For a thorough assessment of CBK stock, go to TipRanks’ Stock Analysis page.