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NBL

UniCredit Bank

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Stock
ISIN: BA100NBLBRB5
Ticker: NBLB-R-B
BA100NBLBRB5
NBLB-R-B

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Business News Germany
@Business_News
2Mon·

Debate about Commerzbank: Job cuts and takeover plans?

Have you heard about the latest developments at Commerzbank? $CBK (-2.13%) heard? The bank is planning to cut several thousand jobs by 2028, mainly at its headquarters in Frankfurt. 😲 The background? Possible takeover plans by the major Italian bank Unicredit $NBLB-R-B.


Commerzbank is focusing on a socially responsible transformation process that aims to take advantage of natural fluctuation and demographic change. This means that they are trying to compensate for the jobs that will be lost through normal departures.


But the debate is heated! The head of the works council has already warned of a reduction of up to 15,000 jobs. The German government was also outraged by the situation, while Unicredit is increasing its stake in Commerzbank.


What do you think about these developments? Will Commerzbank actually be swallowed up by Unicredit or is there another solution?

2
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Aktien Stammtisch
@Aktien_Stammtisch
5Mon·

Novo Nordisk Q3 24 Earnings: $NOVO B (-0.7%)

- Sales DKK71.31B (est DKK72.44B)

- GLP-1 Sales DKK34.94B (est DKK39.24B)

- Ozempic Sales DKK29.80B (est DKK31.32B)

- Wegovy Sales DKK17.30B (est DKK15.63B)

- Sees FY OP Profit At Constant FX +21% To +27% (est +26.2%)


BMW Q3 24 Earnings: $BMW (+1.77%)

- EBIT EU1.70B (est EU1.66B)

- Sales EU32.41B (est EU33.87B)

- EBIT Margin 2.3%, Est. 2.87%

- EBIT Margin 6% To 7%, Est. 6.94%


Henkel AG Q3 24 Earnings: $HEN (-0.04%)

- Sales Eu5.49B, Est. Eu5.62B

- Organic Sales +3.3%, Est. +2.88%

- Still Sees FY Adj EBIT Margin 13.5% To 14.5%, Est. 14.2%


UniCredit Q3 24 Earnings: $NBLB-R-B

- Net Profit Eur 2.51 Bln (est Eur 2.27 Bln)

- Total Revenue Eur 6.14 Bln (est Eur 5.93 Bln)

- Net Interest Eur 3.56 Bln (est Eur 3.49 Bln)

- Net Commissions Eur 1.94 Bln (est Eur 1.95 Bln)

- Net Loans Writedown Eur 165 Mln (est Eur 187 Mln)

- Ups 2024 Net Revenue Guidance To Around Eur 24 Bln

- Ups 2024 Net Profit Guidance To Above Eur 9 Bln

- Provision For Distribution In 9m Of Eur 7.7 Bln, Or 100% Of Net Income

- Interim 2024 Cash Dividend Of About Eur 1.4 Bln


Commerzbank AG Q3 24 Earnings: $CBK (-2.13%)

- Improves FY Outlook – Results After Nine Months Ahead Of Plan

- Outlook For Full Year: Net Result Target Of Around Eur 2.4bn Confirmed

- Remains Committed To Its Capital Return Plans And Planned Share Buybacks

- After First Nine Months Of Year, Commerzbank Confirms Its Profit Target For Full Year 2024

- Based On Strong Results Of Q3, Bank Is Raising Its Forecast For Net Interest Income From Around Eur 8.1bn To Around Eur 8.2bn For Full Year

- Net Commission Income Also Developed Better Than Planned: Bank Now Anticipates That Net Commission Income Will Exceed Previous Year's Figure By More Than 5%.

- Assumes Revenues Totalling Eur 10.9bn

- Anticipates A Cet1 Ratio Of Around 15%


Evonik Industries AG Q3 Earnings: $EVK (+1.53%)

- Adjusted Ebitda Up 19% At Eur 577 Mln

- Group Sales Up By 2% At Eur 3.83 Bln

- Free Cash Flow Down To Eur 357 Mln From Eur 469 Mln Y-O-Y

- At Eur 701 Mln Total Free Cash Flow As Of September 30 Was Eur 415 Million Higher Than In 9-Month 2023

- Expects Total Savings From Cost Cut Initiatives Of About Eur 400 Mln

- Outlook 2024: Outlook For The Year Confirmed

5
35 Comments
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Memo0606@Memo0606
5Mon
@Lugga2111_05 I thought novo would collapse more today after the figures
but they don't want to go down to €95 😞
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