Reported 19 days ago
Commerzbank AG has reported better-than-expected third-quarter profits, bolstered by its growth strategy in the face of potential merger efforts from Italy's UniCredit. While UniCredit raised its profit outlook and highlighted the benefits of a possible merger, Commerzbank remains focused on strengthening its position against a takeover, raising its own financial targets. Both banks aim to showcase their financial strength as they navigate ongoing discussions about a possible deal.
Source: YAHOO