Commerzbank's Buyback Tally Climbs as UniCredit Prepares to Reshape Its Board
Published on 11/14/2026 at 15:32 | Editorial boerse-global.de
Commerzbank bought back roughly 2.88 million of its own shares between 2 and 6 November, the lender disclosed, extending a programme that has now repurchased about 24.2 million shares since it began on 4 September through to 6 November.
The buyback news landed alongside a far bigger governance question. UniCredit chief executive Andrea Orcel intends to convene an extraordinary general meeting at Commerzbank once his bank has taken control, with the election of new supervisory board members on the agenda. Regulatory sign-offs still outstanding are expected by the end of November, and Reuters reported that EU competition officials were set to clear the takeover without conditions, with a decision anticipated by 16 November. UniCredit has pencilled in the launch of its "Commerzbank Unlocked" strategy for the first quarter of 2027.
Citi Trims Its Target
On the analyst side, Citigroup cut its price target on the shares to EUR 40 from EUR 42 on Wednesday while keeping a "Neutral" rating. The stock closed Friday up 0.6% at EUR 39.88.
Should investors sell immediately? Or is it worth buying Commerzbank?
The bank's own numbers, published on 5 November, gave investors plenty to weigh. Management reaffirmed its 2026 profit goal of at least EUR 3.4 billion, and third-quarter net profit jumped 45% to EUR 859 million. Across the first nine months of 2026, operating profit reached EUR 4 billion, a 17% increase, while net income climbed 41% to EUR 2.67 billion.
A Softer Outlook for Lending Income
One forecast moved in the opposite direction. Commerzbank now expects net interest income of about EUR 8.5 billion for 2026, down from its earlier guidance of roughly EUR 8.6 billion, citing intensifying competition for customer deposits.
Elsewhere, the lender joined forces with Deutsche Bank and the Deutscher Sparkassen- und Giroverband to set up a joint venture that will let financial institutions share information on fraud cases securely, in standardised form and in compliance with the law.
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