Commerzbank AG Sponsored ADR (CRZBY)
UniCredit buys 4.5% Commerzbank stake from German government
Italy's UniCredit bought a stake of nearly 4.5% in Germany's Commerzbank for 702 million euros that was sold by the German government, the German government's finance agency announced on Wednesday.
Germany trims Commerzbank stake; CEO won't seek new term
Commerzbank's chief executive officer Manfred Knof won't seek another term when his contract ends in December 2025, the bank said on Tuesday, as the German government began to sell some of its shares in the lender.
Commerzbank CFO welcomes return to normal with gov't stake reduction
The German government's plans to reduce its stake in Commerzbank after bailing the bank out during the global financial crisis is a positive signal that business is back to normal, its deputy chairwoman told a banking conference on Wednesday.
Deutsche Bank CEO: focus on Deutsche Bank, not on govt stake in Commerzbank
Deutsche Bank Chief Executive Christian Sewing told a banking conference on Wednesday that he was concentrating on Deutsche Bank, not on the German government's plan to reduce its stake in Commerzbank.
Commerzbank sees gold prices consolidating around $2,500 by year-end
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Commerzbank AG (CRZBF) Q2 2024 Earnings Call Transcript
Commerzbank AG (OTCPK:CRZBF) Q2 2024 Results Conference Call August 7, 2024 3:00 AM ET Company Participants Manfred Knof - CEO Bettina Orlopp - CFO Conference Call Participants Benjamin Goy - Deutsche Bank Johannes Thormann - HSBC Kian Abouhossein - JPMorgan Chris Hallam - Goldman Sachs International Tobias Lukesch - Kepler Cheuvreux Vishal Shah - Morgan Stanley Stefan Stalmann - Autonomous Research Anke Reingen - RBC Riccardo Rovere - Mediobanca Borja Ramirez - Citi Jeremy Sigee - BNP Paribas Manfred Knof Good morning, and welcome to our earnings call. Before we start, I would like to make a small personal remark.
Commerzbank Q2 net profit drops 5%, as expected; outlook confirmed
Germany's Commerzbank said on Wednesday that net profit fell 4.8% in the second quarter, in line with expectations, and it confirmed its full-year targets.
Russian court orders Commerzbank assets be awarded to pipeline firm
A Russian court has ordered that Commerzbank assets worth 94.9 million euros ($101.86 million) be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed.
Commerzbank: Cyclical Upswing Seems To Now Be Over
Commerzbank reported record Q1 2024 earnings with higher net interest income and fee income, leading to a strong capital ratio. Despite improved efficiency and profitability, Commerzbank's valuation is still low compared to peers, but future growth may be limited due to expected rate cuts. A strong capital position supports an attractive shareholder remuneration policy, with potential for increased dividends and share buybacks, but income appeal is lower than the sector average.
A pause in Western investor selling has been enough to drive gold to new record highs - Commerzbank
(Kitco News) - Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst.
Russian court seizes assets worth over $700 mln from UniCredit, Deutsche Bank and Commerzbank
A St Petersburg court has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — according to court documents, the Financial Times and Reuters reported Saturday.
