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

Commerzbank : Fin d’année 2021 globalement solide & update stratégique en ligne de mire

>Confirmation du momentum plus favorable (opérationnel/bilanciel) - Le groupe a publié des chiffres au T4 2021 de bonne facture, avec un RN s’établissant à 421 M€ (vs consensus 81 M€), dans une large mesure grâce à la bonne tenue de la top line (+15% vs cons à 2.1 Md€ mais dont 245 M€ d’éléments non récurrents) mais aussi un impact fiscal favorable (199 M€). Le trimestre est impacté négativement par des provisions additionnelles en Pologne (mBank) face au risque de l...
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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