Commerzbank : Credit opinion lowered to ‘Negative’ from ‘Stable’ and Recommendations to ‘Reduce’ on disappointing new strategic plan and threat of downgrades
Unambitious and disappointing strategy update - >Commerzbank (CMZB) presented on 27 September its new strategy update (‘Commerzbank 5.0’) covering the period from 2019 to 2023. It supersedes the previous plan and its publication was announced in April after the failed merger talks with Deutsche Bank. A key objective of the new plan is improving profitability which has remained stubbornly weak in recent years, despite supportive economic conditions in Germany. - In our view, ...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.