0733 GMT - Commerzbank's targets for revenue and operating leverage appear punchy, RBC Capital Markets says in a research note after the German lender outlined a fresh midterm strategy. The new plan points to stronger top-line growth while keeping a lid on costs, with higher capital distributions an extra driver of shareholder returns. The bank is targeting a 15% return on tangible equity--a key profitability measure--for 2028 and a 13.6% return in 2027, ahead of consensus' 11.1% for the latter year. "We are awaiting to get more confidence in the Capital Markets Day presentations with some of this likely to be a function of 'seeing is believing'," analyst Anke Reingen writes. She adds that 2025 guidance points to better profit on higher revenue, which will more than offset higher loan losses. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 02:33 ET (07:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。