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

Commerzbank : Sur la bonne voie mais encore d’importants challenges

>Evolution globalement encourageante sur l’opérationnel et le capital - Le groupe a publié des chiffres au T3 2021 de bonne facture, avec un RN s’établissant à 403 M€, soit +60% vs attentes du consensus, dans une large mesure grâce à de bien plus faibles provisions (22 M€ soit -75% vs consensus et un CdR de ‘seulement’ 13 pb, sur fond de maintien d’un ratio NPE stable à 0.8%) mais aussi une top line solide (+1% vs cons à 2.0 Md€, soutenue toutefois notamment par le tr...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch