Streetbeat News

CRZBY

Commerzbank AG

https://www.commerzbank.co.uk/

Industry

Monetary Authorities-Central Bank

Open

16.48

Mkt cap

19B

Volume

700

High

16.48

P/E Ratio

8.47

52-wk high

18.59

Low

15.93

Div yield

0.02

52-wk low

10.98

UniCredit's CEO Andrea Orcel has ruled out relocating the bank's headquarters to Germany in the event of acquiring Commerzbank. The Italian bank plans to wait for a new government in Berlin before considering any potential bid.

Portfolio Pulse from

November 22, 2024 | 1:45 pm

Commerzbank's CEO, Bettina Orlopp, stated that the decision regarding any potential merger with Italy's UniCredit lies with the bank's management, not the government.

Portfolio Pulse from

November 22, 2024 | 9:00 am

The CEOs of Commerzbank and UniCredit have engaged in a second round of extensive talks following UniCredit's acquisition of a significant stake in Commerzbank.

Portfolio Pulse from

November 15, 2024 | 4:30 pm

Commerzbank is considering acquiring a mid-sized German bank to prevent a potential takeover by Italy's UniCredit.

Portfolio Pulse from

November 12, 2024 | 3:45 pm

UniCredit and Commerzbank are in a takeover battle, with both banks showcasing their financial strength by raising their outlooks after reporting strong third-quarter results.

Portfolio Pulse from

November 09, 2024 | 2:45 pm

Commerzbank CEO Bettina Orlopp discussed the bank's third-quarter earnings, a takeover bid by UniCredit, and the state of the German economy in a CNBC interview.

Portfolio Pulse from

November 07, 2024 | 3:00 am

Global Payments Inc. and Commerzbank have formed a joint venture to provide digital payment solutions to small and medium-sized enterprises (SMEs) in Germany. This collaboration aims to enhance the payment experience for Commerzbank's SME customers by integrating Global Payments' technology and services.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:06 am

Apple lost an appeal over 4G patent infringement in London court, marking another victory for Optis Cellular Technology. Deutsche Bank and Commerzbank face a $348M lawsuit by RusKhimAlyans, a Gazprom subsidiary. Nikola Corp plans to liquidate the assets of battery maker Romeo Power. Pfizer and Samsung Biologics signed two agreements for long-term manufacturing of Pfizer's biosimilar portfolio, worth $897M. Airbus is investing in a new Wing Technology Development Centre at its Filton site in the UK. TSMC expects a significant revenue rebound due to the launch of new Apple iPhones and strong demand for AI chips. Rivian Automotive reported Q2 production and delivery numbers. Evotec secured a US government contract for orthopoxvirus antibody. Mondelēz recalled two varieties of belVita biscuits in the US over peanut contamination. BYD plans to invest $620M in Brazil's Camaçari Industrial Complex. Alibaba is conducting a strategic review of video streaming platforms Youku and Tudou. UPS drivers consider going on strike after failed labor talks. OMV and ADNOC are in talks to create a chemicals and plastics company worth over $30B. Haleon is considering divesting some smoking cessation products to sell non-core businesses.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 1:23 pm

Deutsche Bank AG (NYSE:DB) and Commerzbank AG (OTC:CRZBF) (OTC:CRZBY) are facing a lawsuit worth $348 million from RusKhimAlyans, a subsidiary of Russian gas giant Gazprom. The lawsuit demands over ₽22 billion from Deutsche Bank and over ₽8 billion from Commerzbank. This news comes after Deutsche Bank identified a shortfall in the shares backing the bank's depositary receipts (DRs) allocated before the Ukraine invasion.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 11:39 am

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