Report
Roland Pfaender,MBA,CFA,CCRA ...
  • Steven Gould

Commerzbank : Le T3 24 valide un peu plus les solides perspectives MT (stand alone)

>Opinion Surperformance confortée – OC porté à 18.5 € (vs 17.3 €) - L’évolution rassurante de l’opérationnel underlying (i.e. notamment hors litiges FX en Pologne) de CBK sur 9M 24 et la confirmation/amélioration des guidances (2024 & MT) confortent notre opinion Surperformance. Nous réhaussons notre OC à 18.5 € (vs 17.3 €) après un ajustement à la hausse de nos anticipations de RN (+2% en moyenne sur 2024-26e), de notre CoE et une plus grande prise en compte du poten...
Underlying
Commerzbank AG

Commerzbank operates through five segments: Private Customers, which comprises the Private Customers, Direct Banking and Commerz Real divisions; Mittelstandsbank, which include the Mittelstand Germany, Corporate Banking & International and Financial Institutions divisions; Central and Eastern Europe, which consists of the universal and regional banking and direct banking activities; Corporates and Markets, which consists the Equity Markets & Commodities, Fixed Income & Currencies, Corporate Finance and Credit Portfolio Management divisions; as well as Non-Core Assets, which includes the operations of CRE Banking Germany, CRE Banking International, Public Finance and Deutsche Schiffsbank.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roland Pfaender,MBA,CFA,CCRA

Steven Gould

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