CRZBY News and Press, Commerzbank AG ADR New From 12/15/23

2023-12-15 17:17:05 ET Summary In its new strategic plan, Commerzbank targets 8% RoTE in 2024, gradually improving to 11.5% in 2027. The bank may distribute about €1.5 billion to get to a capital position comparable with its largest competitor Deutsche Bank. The distrib...

2023-11-08 20:01:08 ET Commerzbank AG (CRZBF) Q3 2023 Earnings Conference Call November 8, 2023 3:00 AM ET Company Participants Bettina Orlopp - Chief Financial Officer Conference Call Participants Borja Ramirez Segura - Citigroup Inc. Benjamin Goy - Deut...

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SOCIETE GENERALE SA ADR (CRZBY) is expected to report for Q3 2023

2023-10-28 08:49:31 ET Summary Commerzbank's financial performance has improved due to higher interest rates, but its profitability level is still low. The bank's operating performance has not boosted its share price, which has remained stagnant. Commerzbank's earnings have in...

2023-10-25 23:24:45 ET Summary Deutsche Bank reports a 3% Y/Y increase in Q3 net revenues, driven by the Corporate Bank and Private Bank. Full-year outlook seen +6.6% to €29 billion. Cost of risk was 28 basis points in the first 9 months, with the bank expecting a result cl...

2023-08-24 17:10:21 ET Summary Deutsche Bank shares have been underperforming the market and other European banks in 2023. Some metrics, like the P/B ratio of just 0.33, would suggest that Deutsche Bank is cheap and undervalued. Given the low profitability of the bank and the ...

2023-08-05 00:48:07 ET Commerzbank AG (CRZBF) Q2 2023 Earnings Conference Call August 04, 2023 03:00 AM ET Company Participants Manfred Knof - Chief Executive Officer Bettina Orlopp - Deputy Chairwoman and Chief Financial Officer Conference Call Participants ...

2023-06-23 21:32:32 ET Summary Commerzbank has one of the lowest valuations in the European banking sector due to structural issues and weak profitability levels. Despite restructuring efforts and recent improvements in financial performance, Commerzbank still lags behind its peer...

2023-05-23 05:40:16 ET Summary Commerzbank announced Q1 results on May 17, and they were better than expected. Shares were down 7% on the day of the announcement. While results were good, Commerzbank is still years behind other banks regarding its profitability – and it...