Commerzbank AG Sponsored ADR (CRZBY)
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.
