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

Commerzbank : Début d’année rassurant

>Opinion Surperformance maintenue – OC porté à 17.7 € (vs 15.8 €) - La publication du T1 2024 confirme l’évolution plutôt favorable pour Commerzbank à la fois sur l’opérationnel (underlying i.e. hors litiges en Pologne) et bilanciel et vient in fine renforcer la crédibilité des perspectives d’amélioration significative du retour à l’actionnaire à CMT. Nous réitérons notre opinion Surperformance tout en portant notre OC à 17.7 € (vs 15.8 €) après un ajustement à la hau...
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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