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

Commerzbank : T1 2022 solide et confirmation des guidances 2022

>Opinion Neutre réitérée – OC porté à 8.0 € (vs 7.8 €) - Nous laissons inchangée notre approche sur le dossier suite aux résultats T1 2022. L’évolution de l’opérationnel est encourageante bien qu’en partie soutenue par des éléments non récurrents (trading…), et la confirmation des guidances 2022 est rassurante à ce stade quoique tributaire de l’évolution macro/géopolitique préoccupante. Nous continuons d’estimer que le redressement opérationnel lié à l’exécution du pl...
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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