Commerzbank : Economic risk takes primacy over speculation
>Conclusion – The economy catches up with speculation - Before the recent fall, the marked rebound in the share price assumed 1/ an upward revision to the targets in the strategic plan, 2/ a revival of the tie-up with Deutsche Bank and 3/ a major impact on revenues from the billing of deposit accounts. In the immediate term, only the first assumption is credible. As a result, we remain cautious on the stock, particularly given its strong sensitivity to the economic ou...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.
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.
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