Report
Steven Gould

Commerzbank : Le risque économique l’emporte sur les spéculations

>L’économie rattrape la spéculation - Avant rechute récente, le fort rebond du titre supposait 1/ une hausse des ambitions du Plan Stratégique ; 2/ une relance du rapprochement avec DBK ; 3/ un impact significatif de la facturation des comptes à vue sur les revenus. Dans l’immédiat, seule la première hypothèse serait crédible. Nous restons donc prudents sur le titre, surtout en regard de sa forte sensibilité à des perspectives économiques qui pourraient être remises e...
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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