Commerzbank AG (CBKD.XC)
| Previous close | 16.17 |
| Open | 16.30 |
| Bid | 15.61 x N/A |
| Ask | 16.17 x N/A |
| Day's range | 16.30 - 16.55 |
| 52-week range | 10.05 - 16.55 |
| Volume | |
| Avg. volume | 3,994 |
| Market cap | 19.586B |
| Beta (5Y monthly) | 1.08 |
| PE ratio (TTM) | 9.29 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.35 (2.12%) |
| Ex-dividend date | 02 May 2024 |
| 1y target est | N/A |
- Reuters
Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist
Cost cuts at Commerzbank if UniCredit were to buy its German rival would mostly affect its head office not its branch network, UniCredit CEO Andrea Orcel was quoted as saying on Friday. UniCredit has built a near 21% stake in Commerzbank, subject to supervisory approval, and said it sees a merger as the best outcome. Such a move would push Commerzbank shares sharply lower.
- Bloomberg
German Experts Speak Out in Favor of Commerzbank Takeover by UniCredit
(Bloomberg) -- A growing number of German experts are voicing support for a possible acquisition of Commerzbank AG by a rival, potentially adding pressure on the government to soften its stance in response to a recent approach from UniCredit SpA. Most Read from BloombergA Housing Crisis Brews in Rwanda’s Capital CityGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsThe Corner Store ComebackNew Rowhouses in London That O
- Reuters
Commerzbank deal could lift UniCredit's junior debt ratings, Moody's says
MILAN (Reuters) -UniCredit's acquisition of Commerzbank could prompt Moody's to consider raising its rating on the Italian bank's riskier debt, the credit rating agency said on Wednesday. Moody's affirmed UniCredit's long-term senior unsecured debt rating at 'Baa1' - two notches above Italy's 'Baa3' rating and already as high as it can go under Moody's methodology. An upgrade to UniCredit's standalone assessment would lead to an improvement in the ratings Moody's assigns to debt riskier than senior unsecured borrowings at the bank - potentially reducing its funding costs.
