Aktien Sensor

Commerzbank’s stock price has surged to a new 52-week high after the European Central Bank approved UniCredit’s plan to increase its stake in the German bank.

Commerzbank’s stock price has reached near-record highs, with strong quarterly results and ambitious financial targets announced, despite analysts’ skepticism.

Commerzbank’s record profit comes with a human cost, as the bank plans to axe nearly 4,000 jobs in a bid to reduce costs and maintain its independence.