Kulmbach (www.aktiencheck.de) – Commerzbank share 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 share analysis.
The lockdown is back. After the state has supported affected companies throughout the year with a variety of aid measures, the revelation will come next year for some anyway. A survey of experts shows that the postponed bankruptcy wave in 2021 can no longer be stopped. But not all banks are likely to be hit equally hard.
The Mannheim research institute ZEW carried out a survey among 174 financial market experts. The “Handelsblatt” reported on it. Accordingly, the respondents would expect an increase in corporate insolvencies and loan defaults in the first half of 2021. According to the experts, the big banks are not in the eye of the storm.
55 percent would expect a sharp increase in bankruptcies, while 43 would only expect a slight increase. The loan defaults would therefore increase in Germany in the next six months. In relation to the number of bad loans, the result is balanced: 48 percent would expect a slight increase, 45 percent a strong increase. But not all institutes would be equally affected.
Ironically, savings banks and Volks- and Raiffeisenbanken would see the experts in danger. 58 percent would see savings banks particularly at risk, with the cooperative banks it is 56 percent. Big banks were only in focus for 32 percent of those surveyed. “Overall, the German banks are likely to have created sufficient buffers for loans at risk of default,” said Markus Strietzel, senior partner at Roland Berger’s consultancy, to the “Handelsblatt”. However, some smaller institutes could still have problems; this could also apply to savings banks and cooperative banks.
The loan defaults and the risk provisioning created for them have increased significantly at Deutsche Bank and Commerzbank – as in the overall industry – in the current year. However, the levels are still moderate overall. For example, the rate of non-performing loans at Commerzbank is still very low at 0.8 percent, especially when compared with the peers. Also this time, the state is supporting the affected industries with billions. The milder possible loan defaults.
-Bank stocks are likely to go downhill today. The Christmas rally in Germany was probably canceled. In the coming year, however, opportunities would arise for both stocks through restructuring profits.
Investors who still want to invest should wait until the market situation has calmed down somewhat, says Fabian Strebin from “Der Aktionär”. This also applies to the chart image. (Analysis from December 14, 2020)
Please also note the information on the disclosure obligation in the event of conflicts of interest within the meaning of Directive 2014/57 / EU and corresponding EU regulations for the aforementioned analyst company under the following link.
Note on conflicts of interest:
The Chairman of the Board of Management and majority owner of the publisher Börsenmedien AG, Mr Bernd Förtsch, has taken direct and indirect positions on the following financial instruments referred to in the publication or related derivatives that will benefit from any price development resulting from the publication: Commerzbank.
Commerzbank (ISIN: DE000CBK1001, WKN: CBK100, ticker symbol: CBK, Nasdaq OTC symbol: CRZBF) is a leading, internationally operating commercial bank with locations in almost 50 countries. In two business areas – private and small business customers as well as corporate customers – the bank offers a comprehensive portfolio of financial services that is precisely tailored to the needs of its customers.
Commerzbank handles around 30% of German foreign trade and is the market leader in German corporate banking. In addition, thanks to its high level of industry expertise in the German economy, the bank is a leading provider of capital market products. Their subsidiaries Comdirect in Germany and mBank in Poland are two of the world’s most innovative online banks.
With around 800 branches in the future, Commerzbank will operate one of the densest branch networks in Germany. Overall, the bank looks after more than 11 million private and small business customers nationwide as well as over 70,000 corporate customers, multinational corporations, financial service providers and institutional customers worldwide. The Polish subsidiary mBank SA serves around 5.6 million private and corporate customers, mainly in Poland, but also in the Czech Republic and Slovakia. In 2019, Commerzbank generated gross income of around EUR 8.6 billion with around 48,500 employees. (14.12.2020 / ac / a / d) Disclosure of possible conflicts of interest:
You can view possible conflicts of interest on the site of the creator / source of the analysis.
