Report
Steven Gould

Commerzbank : Impasse stratégique confirmée… et enfin valorisée

>Difficultés intrinsèques finalement intégrées par le marché - CBK avait déjà divulgué les grandes lignes de son plan stratégique dès fin janvier. Les détails fournit par CBK confortent nos craintes:Les contraintes de solvabilité ne permettent pas à CBK d’absorber les investissements et les charges de restructuration nécessaires pour viser un objectif de RoTE supérieur à 6.5%-7.0%. Par ailleurs, des restructurations encore plus profondes augmenteraient un risque ...
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
Steven Gould

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