Commerzbank : T4 2022 & guidance 2023 soutenus par les NII… le tout déjà bien pricé !
>Opinion Neutre réitérée – OC porté à 11.5 € (vs 10.1 €) - Nous réitérons notre opinion Neutre sur le dossier suite aux résultats T4 2022. Le groupe a globalement rassuré sur l’évolution de l’opérationnel underlying et sur sa solvabilité, et l’update sur les guidances (2023) ressort plutôt positif … dans les 2 cas notamment grâce à la dynamique plus forte que prévu sur les revenus d’intérêt. Nous intégrons logiquement cela dans nos estimations de RN (+8% en moyenne su...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.