Kulmbach (www.aktiencheck.de) – Commerzbank stock analysis by “Der Aktionär”:
Fabian Strebin from the investor magazine “Der Aktionär” takes a close look at the Commerzbank AG share (ISIN: DE000CBK1001, WKN: CBK100, ticker symbol: CBK, NASDAQ OTC symbol: CRZBF) in a current stock analysis.
Investors digested the crash at the beginning of the week, but since then there has been no movement in the prices. But that could change today. Because the reporting season at the US banks is now really picking up speed, and the ECB is also commenting on the further development of monetary policy.
JPMorgan started yesterday with figures for the past quarter in the US banking sector. Due to provisions for loans at risk of default and a slump in investment banking as a result of the Ukraine war, profits fell significantly. Nevertheless, the figures were described as “proper” in an initial assessment by market participants. This is reported by the news portal DowJones. JP Morgan pretty much met expectations with sales and earnings per share. Big surprises in the quality of the balance sheet are not recognizable at first glance. Today Wells Fargo, Citigroup and Goldman Sachs would follow with their results. Then it should be clear how the industry as a whole has done. This has a signal effect for the European industry and also for Commerzbank.
In addition, a two-day meeting of the Governing Council ends today. Many experts would hope for clearer indications of a turnaround in monetary policy than before. Because inflation in the euro area has recently risen to a record high. The market is now also pricing in the first rate hikes in the fourth quarter. Clear statements would be very helpful for the interest-dependent Commerzbank.
The Commerzbank share is on hold. Above all, positive statements from the central bank could now quickly lead to higher prices and a countermovement. The strong resistance at EUR 6.55 would have to be taken out of the market next. Courageous investors could bet on rising interest rates in the euro zone. The stop at Commerzbank is EUR 5.10, according to Fabian Strebin from the investor magazine “Der Aktionär” in a current stock analysis. (Analysis from 04/14/2022)
-Notes on conflicts of interest:
The CEO and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions on the following financial instruments mentioned in the publication or related derivatives that may benefit from any price development resulting from the publication: Commerzbank.
Commerzbank shares are located in the SHAREHOLDER depot and in the leverage depot Please also note information on the disclosure obligation in the event of conflicts of interest within the meaning of Directive 2014/57/EU and corresponding EU regulations under the following link.
Commerzbank (ISIN: DE000CBK1001, WKN: CBK100, ticker symbol: CBK, NASDAQ OTC symbol: CRZBF) is the leading bank for SMEs and a strong partner for around 28,000 corporate customer groups and around 11 million private and small business customers in Germany. The bank offers a comprehensive portfolio of financial services in two business areas – private and small business customers and corporate customers. Commerzbank handles around 30 percent of German foreign trade and is internationally represented in almost 40 countries in corporate customer business. The bank focuses on German medium-sized companies, large companies and institutional customers.
In internationalbusiness, Commerzbank supports customers with a business connection to Germany and companies from selected future-oriented sectors. In the course of the integration of the Comdirect, private and business customers benefit from the services of one of the most modern online banks in Germany in connection with personal advice on site. The Polish subsidiary mBank SA is an innovative digital bank and serves around 5.5 million private and corporate customers primarily in Poland as well as in the Czech Republic and Slovakia. In 2021, Commerzbank generated gross income of around 8.5 billion euros with around 46,500 employees. (04/14/2022/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.
