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Commerzbank AG

CBKG.DE

Latest Trade

5.51EUR

Change

0.05(+0.92%)

Volume

8,364,512

Today's Range

5.31

 - 

5.61

52 Week Range

2.80

 - 

5.96

As of on the XETRA ∙ Minimum 15 minute delay

Pricing

Previous Close
5.46
Open
5.42
Volume
8,364,512
3M AVG Volume
142.45
Today's High
5.61
Today's Low
5.31
52 Week High
5.96
52 Week Low
2.80
Shares Out (MIL)
1,252.36
Market Cap (MIL)
6,897.99
Forward P/E
-58.29
Dividend (Yield %)
--

Next Event

Commerzbank German Real Estate Forum

Latest Developments

更多

OTP Bank has "very good acquisitions" in the pipeline - CEO

OTP sees acquisition talks to continue this year, conclude one process - CEO

​​​​​​​Commerzbank To Increase Profitability Through Deep Restructuring And Comprehensive Digitalisation

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About Commerzbank AG

Commerzbank AG is a bank for private and corporate customers. The Bank's business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions. The Mittelstandsbank segment is divided into the three Group divisions: Mittelstand Germany, Large Corporates & International, and Financial Institutions. The Central & Eastern Europe (CEE) segment comprises the universal banking and direct banking activities. The Corporates& Markets consists of four main businesses: Equity Markets & Commodities; Fixed Income & Currencies; Corporate Finance, and Credit Portfolio Management. The Non-Core Assets (NCA) segment groups together the results from Commercial Real Estate, Public Finance (including Private Finance Initiatives) and Deutsche Schiffsbank (DSB) divisions.

Industry

Regional Banks

Contact Info

Kaiserplatz 16

60311

Germany

+49.69.13620

https://www.commerzbank.de/

Executive Leadership

Hans-Jorg Vetter

Chairman of the Supervisory Board

Stefan Schmittmann

Independent Chairman of the Supervisory Board

Martin Zielke

Chairman of the Management Board

Klaus-Peter Mueller

Honorary Chairman of the Supervisory Board

Uwe Tschaege

Deputy Chairman of the Supervisory Board, Employee Representative

Key Stats

2.78 mean rating - 23 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2018

8.6K

2019

8.6K

2020

8.2K

2021(E)

8.2K
EPS (EUR)

2018

0.690

2019

0.610

2020

-0.382

2021(E)

-0.095
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.71
Price To Book (MRQ)
--
Price To Cash Flow (TTM)
12.70
Total Debt To Equity (MRQ)
--
LT Debt To Equity (MRQ)
--
Return on Investment (TTM)
--
Return on Equity (TTM)
--

Latest News

Latest News

Commerzbank to lose 1.7 mln clients by 2024 - Welt am Sonntag

Commerzbank expects to lose 1.7 million customers by 2024 as part of its current restructuring, resulting in a 300 million euro ($364 million) hit to revenue, weekly Welt am Sonntag reported, citing sources close to the bank.

UPDATE 4-Commerzbank reports $3.3 billion loss as it counts cost of restructuring, pandemic

* Shares down 6.9% (Updates with CEO and CFO comments, shares)

Commerzbank reports $3.3 billion Q4 loss amid restructuring

Germany's Commerzbank on Thursday said that its loss deepened in the fourth quarter, as the lender undergoes a major restructuring and deals with the fall-out of the coronavirus outbreak.

UPDATE 1-Commerzbank CEO finalizes plans to cut 10,000 jobs, close branches

Commerzbank Chief Executive Manfred Knof on Wednesday finalized plans to cut 10,000 jobs and close hundreds of branches, a radical overhaul that came a month after he took the reins of Germany's No. 2 bank.

UPDATE 1-Germany's Scholz: Something drastic needs to be done at Commerzbank

German Finance Minister Olaf Scholz on Tuesday cautiously backed efforts to restructure and reduce costs at Commerzbank after its new CEO told staff in a memo there was no way of avoiding significant job cuts at Germany's No. 2 lender.

Germany's Scholz: Drastic reforms under discussion at Commerzbank

German Finance Minister Olaf Scholz said on Tuesday drastic reforms were being discussed at Commerzbank after its new CEO told staff in a memo there was no way of avoiding significant job cuts at Germany's No. 2 lender.

Commerzbank CEO tells staff job cuts a "bitter pill" - memo

Commerzbank's new chief executive Manfred Knof told staff that there was no way to avoid a significant reduction in the number of jobs at Germany's No. 2 lender.

UPDATE 2-Commerzbank board member says plan to cut 10,000 jobs 'simply crazy'

Stefan Wittmann, who sits on Commerzbank's supervisory board as a labour representative, said on Friday that plans to cut 10,000 jobs were "simply crazy".

Commerzbank board member calls 10,000 job cuts "simply crazy"

Stefan Wittmann, who sits on Commerzbank's supervisory board as a labour representative, said on Friday that plans to cut 10,000 jobs was "simply crazy".

UPDATE 4-Commerzbank's new CEO plans 10,000 job cuts

* To finalise overhaul by Feb. 3 (Updates with details, writes through)

Commerzbank to cut 10,000 jobs in strategy overhaul - source

Germany's Commerzbank will cut 10,000 jobs and close hundreds of branches as part of a strategy overhaul, a person with knowledge of the matter said on Thursday.

UPDATE 1-Commerzbank deepens partnership with Microsoft amid revamp

* Comes as bank works on new strategic plan under new CEO (Updates with details, background)

Commerzbank deepens partnership with Microsoft

Commerzbank said on Wednesday that it would widen its partnership with Microsoft by putting a significant portion of its applications in the cloud. The two companies have been working together since 2018, and Commerzbank has been trying to increasingly digitize its business...

Commerzbank tells German lawmakers it was a victim of Wirecard fraud

A top manager at Commerzbank told German lawmakers on Thursday the bank was a victim of fraud surrounding the collapsed payments company Wirecard, as he laid out how the lender was deceived by executives and auditors.

UPDATE 2-New Commerzbank CEO prepares road ahead with $1.8 bln write-off

Just a week into the job, Commerzbank's new chief executive on Friday made a 1.5 billion euro ($1.84 billion)goodwill write-off at the German bank and raised risk provisions relating to the coronavirus pandemic.

UPDATE 1-Commerzbank to book 610 mln euro restructuring charge in Q4

Commerzbank said on Monday it would book 610 million euros ($744.99 million) in restructuring charges in the fourth quarter after reaching an agreement with staff on previously announced headcount reductions.

UPDATE 1-Commerzbank reshuffle continues with new head of corporate business

Commerzbank appointed a new board member to oversee the German lender's corporate business on Friday after his predecessor left over differences about the division's future, the bank said on Friday.

Commerzbank management exodus continues amid differing views on direction

The board member responsible for corporate customers at Commerzbank, Roland Boekhout, is stepping down just months after joining the bank amid differing views on the future of the division, the bank said on Friday.

IMF: German banks shouldn't pay dividends, do share buy-backs during pandemic

The International Monetary Fund (IMF) has urged German bank supervisors to tell private lenders like Deutsche Bank and Commerzbank to refrain from paying dividends and doing share buybacks during the COVID-19 pandemic.

European stocks jump after China data, banking rebound

European stocks partly recovered from last week's hefty losses on Monday, helped by upbeat industrial profits data from China and a jump in German lender Commerzbank after it appointed a new chief executive officer.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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