UBS underlines the share's steady earnings growth, average total return and attractive valuation.

The analyst confirms his buy recommendation on the stock and raises his price target to E17.4 (from E16.3), which represents a 63% potential upside.

' Commerzbank offers a clear earnings growth case, supported by a total return of around 15%, trading at 4.5 times 2025 EPS ' says UBS.

Commerzbank plans to distribute one billion euros to its shareholders for 2023, in the form of dividends and share buybacks, and anticipates net profit for 2024 above the 2023 level as well as a payout ratio of at least 70%.

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