UniCredit and Commerzbank square off with target hikes amid takeover battle
merzbank AG(CRZBY) CNBC·2024-11-06 18:52
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesTwo months since UniCredit played its opening move to woo German lender Commerzbank, the lenders flaunted their financial strength as one of Europe's largest banking mergers still hangs in balance.Both banks reported third-quarter results on Wednesday, with UniCredit posting an 8% year-on-year hike in net profit to 2.5 billion euros ($2.25 billion), compared with a Reuters-re ...