Streetbeat News

CRZBY

Commerzbank AG

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

Industry

Monetary Authorities-Central Bank

Open

26.50

Mkt cap

31B

Volume

286

High

26.60

P/E Ratio

13.66

52-wk high

26.60

Low

26.29

Div yield

0.01

52-wk low

12.88

Commerzbank stated that the European Central Bank's approval for UniCredit to increase its stake in Commerzbank to just under 30% does not alter the fundamental situation of the bank.

Portfolio Pulse from

March 14, 2025 | 7:45 am

UniCredit has received approval from the European Central Bank to acquire up to 29.9% of Commerzbank, potentially setting the stage for a takeover of Germany's second-largest listed bank.

Portfolio Pulse from

March 14, 2025 | 7:30 am

UniCredit has reported its planned acquisition of a minority stake in Commerzbank to Germany's competition regulator for assessment.

Portfolio Pulse from

February 26, 2025 | 8:30 am

Commerzbank AG held its Q4 2024 earnings call, discussing financial results and future outlook. The call included participation from key executives and analysts from major financial institutions.

Portfolio Pulse from

February 13, 2025 | 3:30 pm

Commerzbank, Germany's second-largest lender, plans to cut 3,900 jobs by 2028 and anticipates restructuring costs of 700 million euros in 2025. The bank aims for a net result of 2.4 billion euros after these charges.

Portfolio Pulse from

February 13, 2025 | 7:15 am

Commerzbank plans to cut 3,900 jobs, primarily in Germany, as part of a strategy revamp to improve financial targets and counter UniCredit's merger advances.

Portfolio Pulse from

February 13, 2025 | 6:45 am

Commerzbank is planning job cuts and new financial targets to prevent a potential merger with Italy's UniCredit.

Portfolio Pulse from

February 12, 2025 | 6:30 am

UniCredit is concentrating on its takeover bid for Banco BPM and its stake in Commerzbank, while also having a small investment in Generali.

Portfolio Pulse from

February 01, 2025 | 8:30 pm

Germany's finance minister criticized UniCredit's aggressive bid for Commerzbank, highlighting transparency concerns. The bid has not been well-received by the German government.

Portfolio Pulse from

January 23, 2025 | 9:45 am

Commerzbank is considering cutting thousands of jobs to resist a takeover approach from UniCredit, according to the Financial Times.

Portfolio Pulse from

January 18, 2025 | 2:00 pm

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