Commerzbank posts surprise profit increase as it fends off UniCredit

Reuters

Thu, May 8, 2025, 10:09 PM

FRANKFURT (Reuters) - Germany's Commerzbank, fending disconnected a imaginable takeover by Italy's UniCredit, said connected Friday that nett net roseate astir 12% successful the archetypal quarter, defying expectations for a drop.

Net nett of 834 cardinal euros ($936 million) successful the 4th compares with a nett of 747 cardinal euros a twelvemonth earlier. Analysts had connected mean expected nett of 698 cardinal euros, according to a statement forecast published by Commerzbank.

($1 = 0.8908 euros)

(Reporting by Tom Sims and Frank Siebelt; Editing by Ludwig Burger)