Commerzbank stock at EUR 42.19 on September 25, 2026

Commerzbank shares closed at EUR 42.19 on September 25, 2026, up EUR 1.12, or 2.73 percent, from the previous session. The move followed a September 24 appearance by Chief Executive Bettina Orlopp at the Bank of America Annual Financials CEO Conference, where she said the bank remains focused on its standalone strategy while preparing for possible changes involving UniCredit. Investing.com reported the remarks.

Strategy remains centered on execution

Orlopp described the current period as a regulatory waiting phase. According to the conference transcript, Commerzbank is continuing to operate as an independent, publicly listed bank with its own strategy. Management is also assessing how potential collaboration could create additional revenue and cost synergies before any deeper integration is considered. Investing.com said three possible structures had been discussed, including a merger, a squeeze-out following ownership above 90 percent, and a share-based acquisition of HVB by Commerzbank.

Any full integration of Commerzbank and HVB would require approval by at least 75 percent of shareholders at a general meeting, Orlopp said. The German government’s stake was described as important to the process because of its role as a shareholder and its broader interest in the German economy. Management characterized discussions about board representation as matters for negotiation rather than fixed conditions. Investing.com carried the comments.

Guidance and capital returns reaffirmed

Commerzbank kept its 2026 guidance unchanged at EUR 8.6 billion of net interest income, EUR 3.4 billion of net income and EUR 850 million of cost of risk. Orlopp linked the net interest income outlook to improved forward rates and expected benefits from the replication portfolio in the second half of the year. She also said the net income target depends on the cost-of-risk assumption. Investing.com reported the guidance details.

The bank also reiterated its 100 percent capital-return policy. Management said Commerzbank had returned about EUR 6 billion to shareholders since the payout program began and expected a mixture of dividends and buybacks. The company’s separate Share Buyback Programme 2026/II has a total purchase price of up to EUR 1.2 billion, with repurchased shares intended for redemption. EQS News said the program began on September 4, 2026, and is scheduled to run no later than February 10, 2027.

Operationally, Commerzbank said deposit competition in Germany remains intense, but it is avoiding offers above 4 percent and seeking to protect deposit economics through bundled products and client-specific pricing. Lending growth has been stronger internationally than domestically, while public-sector lending has also contributed. Investing.com reported that management continues to view the international network as important for medium-sized corporate customers.

Commerzbank is also rolling out artificial-intelligence tools, including Sales Companion for corporate clients and a wealth-management tool in testing for private clients. Management said the bank is increasing cybersecurity investment as it adopts AI and expects most Momentum 2030 restructuring charges to be recorded in 2027, with only a small portion likely in 2026. Investing.com reported the operational update.

On the Frankfurt Stock Exchange’s Xetra market, the latest quote for Commerzbank was EUR 42.19 at 15:36:41 UTC on September 25, 2026. The regular-session quote showed a daily gain of 2.73 percent, with the previous session at EUR 41.07.

Commerzbank stock