Neils ChristensenNeils 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. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

15 February 2024, Hesse, Frankfurt/M.: The lettering "Commerzbank" can be seen on the Commerzbank Tower in the center of the banking city. Boosted by the turnaround in interest rates, Commerzbank is aiming for another profit increase after a record year. Photo: Helmut Fricke/dpa (Photo by Helmut Fricke/picture alliance via Getty Images)Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender, a Commerzbank supervisory board member wa ...

Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024.UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%.The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from ...

The Commerzbank building (second from right) in Frankfurt am Main, western Germany, on Sept. 25, 2023.Kirill Kudryavtsev | Afp | Getty ImagesUniCredit's move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger could spur more acquisitions and shake up the European banking sector.Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Berlin has been a major s ...

UniCredit's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards.UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover."All the o ...

Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government.Commerzbank stock was up 17.5% at 9:37 a.m. London time.The stake acquisition marks the first step in Berlin's exit from its position in the German lender. The German government said it had sold around 53.1 million shares — or a roughly 4.49% tranche out of its 16.49% total shareholding — in Commerzbank for roughly 702 million euros ($775 million) ...

Neils ChristensenNeils 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. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

财务数据和关键指标变化 - 公司上半年净利润达到近13亿欧元,净资产收益率达到8.9% [6] - 公司第二季度营业利润达到8.7亿欧元,与去年基本持平,净利润同比下降5%主要由于少数股东权益增加 [21] - 公司第二季度资本充足率为14.8%,较上季度下降10个基点主要由于收购Aquila公司 [53] 各条业务线数据和关键指标变化 - 公司企业客户业务收入同比增长,资产质量保持良好 [10][12] - 公司零售和小企业客户业务存款增长,贷款收益保持稳定 [26][27] - 公司财富管理业务证券业务收入同比增长,商业客户业务保持稳定 [48] - 公司mBank业务在第二季度创下历史最佳业绩,但仍需计提外汇贷款相关拨备 [50][51] 各个市场数据和关键指标变化 - 德国经济二季度略有收缩,公司预计2024年GDP增长为0% [8] - 公司在德国贷款市场增速明显高于市场平均水平 [10] - 公司在德国新增房贷业务较去年同期增长23% [28] 公司战略和发展方向及行业竞争 - 公司继续执行资本回报计划,计划2024年派发16亿欧元 [13][54][55] - 公司重点发展中间业务,第二季度中间业务收入同比增长4.5% [14][35] - 公司通过简化流程、提升在线销售等措施提高运营效率 [15] - 公司推出新的移动支付解决方案CommerzGlobalpay,为客户提供创新服务 [16] - 公司提高非工资制员工薪酬,以吸引和留住人才 [17] 管理层对经营环境和未来前景的评论 - 公司客户业务保持良好势头,尽管宏观环境存在挑战 [5][10][12] - 公司预计2024年德国GDP增长为0%,通胀率将维持在2%以上水平 [8][9] - 公司将保持严格的成本管控,应对未来可能出现的工资成本压力 [9][17] - 公司对2024年的业绩目标保持信心,包括净利润率达到8%以上 [6][56] 其他重要信息 - 公司CEO因感冒在不同房间参加电话会议 [4] - 公司已就第二次股票回购计划向监管机构提出申请 [13][54] - 公司收购Aquila公司和推出CommerzGlobalpay业务将有助于中间业务收入增长 [14][16] 问答环节重要的提问和回答 问题1 **Benjamin Goy 提问** 询问存款增长和存款利率上升对净息差的具体影响,以及复制投资组合对未来几年的贡献 [59][60] **Bettina Orlopp 回答** 存款增长对净息差有正面贡献,公司会根据市场情况适时调整存款利率定价。复制投资组合将在2025年带来约1亿欧元的额外收益 [61][62][63] 问题2 **Kian Abouhossein 提问** 询问复制投资组合的持续时间和规模上限,以及集体转移至Stage 2的贷款的具体情况 [76][77][78] **Bettina Orlopp 回答** 公司目前没有进一步扩大复制投资组合的计划,未来几年其贡献将逐步增加。集体转移至Stage 2的贷款主要集中在汽车及其供应商以及机械行业,属于方法论调整,不代表资产质量恶化 [79][80][81] 问题3 **Riccardo Rovere 提问** 询问2024年净息差预测的合理性,以及存款定价策略 [122][123][124][125][126] **Bettina Orlopp 回答** 公司对2024年净息差预测的假设和计算过程进行了详细解释,并表示会根据央行政策及时调整存款利率定价 [127]-[137]

Alexandros Michailidis Commerzbank (OTCPK:CRZBF) has reported an improved operating performance over the past couple of years, but this trend seems to be over as the European Central Bank has recently started to cut rates in Europe. As I’ve analyzed in previous articles, Commerzbank trades at one of the lowest valuation multiples within the European banking sector, measured by its discounted price-to-book value (P/BV) multiple, but this seems to be justified by the bank’s lower structural profitability comp ...

(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. In his latest comments on the gold market, Carsten Fritsch, precious metals analyst at Commerzbank, said that current market conditions, while supportive for gold, do not fully explain the precious metal’s rally to a new record high above $2,450 an ounce. Although gold prices have fallen from their all-time high ...