Fabian Strebin of the investor magazine “Der Aktionär” takes a close look at Commerzbank AG stock (ISIN: DE000CBK1001, WKN: CBK100, ticker symbol: CBK, NASDAQ symbol OTC: CRZBF) in a current equity analysis.
The Gas Commission wants to present today a concept on how citizens and businesses could be relieved of high prices. Time is running out, as inflation is taking away room for maneuver for many. Insolvencies are therefore likely to pick up in the coming quarters. Moody’s rating agency has now looked at which institutions now have to worry about their loans.
According to rating agency Moody’s, financial institutions in Europe are facing an increase in loan defaults due to rising energy prices. Financial institutions in Austria, Central and Eastern Europe or Italy in particular, but also in Germany, are therefore the most affected. In addition to several state-owned banks, Moody’s in Germany has Commerzbank at the center.
In Germany, Commerzbank, Bayerische Landesbank, Landesbank Hessen-Thüringen and Landesbank Baden-Württemberg are at above-average risk, according to a report by Moody’s. Because the share of loans to energy and utility companies is above the EU average for the four banks. Furthermore, the financing of commercial real estate exposes German institutions to the secondary effects of the energy crisis.
According to Moody’s, however, factors such as state aid to businesses and consumers could also mitigate the size of problem loans. As a lender of small and medium-sized businesses, Commerzbank is exposed to risks. According to the bank’s own estimates, the loans currently particularly affected to companies in the energy-intensive sectors would represent 9.3% of all loans granted. That’s 45 billion euros.
For the summer, Commerzbank still envisaged an additional loan of EUR 500 to 600 million in case Russian gas supplies were to be permanently absent during the winter. It happened several weeks ago, but management has not yet adapted its goals. On the other hand, the annual forecast with a net profit of over one billion euros has been confirmed.
According to the Moody’s report, Commerzbank, along with several state-owned banks, is the hardest hit by loan defaults in Germany. The management knows this for themselves, but so far the forecasts have not changed and there should be new details with the numbers in about four weeks.
“Der Aktionär” recommends staying with the Commerzbank share and respecting the stop of 5.50 euros, according to Fabian Strebin of “Der Aktionär”. In the current situation, a new entry is not needed. (Analysis of 10.10.2022)
Conflict of Interest Notice:
The managing director and majority owner of the publisher Börsenmedien AG, Bernd Förtsch, has taken direct and indirect positions on the following financial instruments mentioned in the publication or related derivatives that could benefit from any price movements resulting from the publication: Commerzbank.
The shares of Commerzbank are in a real deposit of the media stock exchange AG.
Please also note the information on the disclosure obligation in the event of a conflict of interest pursuant to Directive 2014/57 / EU and the corresponding EU legislation. at the following link.
Commerzbank Stock Exchanges:
Price of Tradegated Commerzbank Shares:
EUR 7,422 + 0.62% (10.10.2022, 10:23)
XETRA share price Commerzbank share:
7.41 EUR + 0.41% (10.10.2022, 10:09)
Commerzbank ISIN Action:
DE000CBK1001
WKN Commerzbank Quote:
CBK100
Commerzbank Share ticker symbol:
CBK
NASDAQ OTC Symbol Commerzbank Share:
CRZBF
Commerzbank AG brief profile:
Commerzbank (ISIN: DE000CBK1001, WKN: CBK100, ticker symbol: CBK, NASDAQ symbol OTC: CRZBF) is the leading bank for SMEs and a strong partner for approximately 28,000 corporate customer groups and approximately 11 million private and small customers businesses in Germany. The bank offers a comprehensive portfolio of financial services in two business areas: private and corporate clients and corporate clients. Commerzbank handles around 30 percent of German foreign trade and is represented internationally in nearly 40 countries in the corporate customer sector. The bank focuses on medium-sized German companies, large corporations and institutional clients.
In international business, Commerzbank supports clients with a commercial connection to Germany and companies in selected future-oriented sectors. During the integration of Comdirect, private and business customers benefit from the services of one of Germany’s most modern online banks in connection with personal advice on site. The Polish subsidiary mBank SA is an innovative digital bank and serves approximately 5.5 million private and corporate customers mainly in Poland, the Czech Republic and Slovakia. In 2021 Commerzbank generated gross income of around 8.5 billion euros with around 46,500 employees. (10/10/2022 / ac / a / d)
Disclosure of potential conflicts of interest:
You can view possible conflicts of interest on the site of the creator / source of the analysis.
