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

Commerzbank : T4 2023 : l’essentiel est assuré à savoir l’amélioration du retour de capital !

>Opinion Surperformance confortée – OC légèrement ramené à 15.0 € (vs 15.5 €) - Les chiffres au T4/annuels 2023 sont venus confirmer l’évolution globalement favorable tant sur le plan opérationnel (underlying) que bilanciel (notamment capital) pour Commerzbank. Au-delà de quelques subtilités/détails, ils viennent conforter l’essentiel à savoir la perspective crédible d’amélioration significative du retour à l’actionnaire à CMT. Nous réitérons ainsi notre opinion Surpe...
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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