Report

Commerzbank : Mieux mais pas encore la panacée

>Nous maintenons notre opinion Neutre sur la valeur - Au titre du T3 2018, CBK a publié des résultats de bonne facture et supérieurs à nos attentes et ceux du consensus. Dans la dynamique de ces chiffres nous avons révisé à la hausse nos prévisions de BPA 2018/2021e de 4% en moyenne pour prendre en compte une meilleure croissance du PNB et moins de charges d’exploitation. Certes le bilan de CBK s’améliore et semble clairement poser moins de difficultés. Pour autant, l...
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.

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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.

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