Commerzbank : The benefits of the doubts: Stable credit opinion and market recommendations maintained
Commerzbank (CMZB) has reported some albeit limited improvement in its big challenge to enhance profitability metrics in executing its ‘Commerzbank 4.0’ strategy. Arguably headwinds from low interest rates (expected to continue), frontloading IT investments and customer acquisition costs are not helping, but the benign economic environment does. In addition, profitability improvement essentially derived from CMZB’s retail segment owing to higher lending volume and the transfer of...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.
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