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MarketScreener Homepage  >  Equities  >  Xetra  >  Commerzbank AG    CBK   DE000CBK1001

COMMERZBANK AG

(CBK)
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Commerzbank : US Authorities in Settlement Talks on Iran-NYT

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07/08/2014 | 04:13am EDT

U.S. state and federal authorities are in settlement talks with Commerzbank AG (>> Commerzbank AG) regarding the German bank's dealings with Iran and other U.S.-blacklisted countries, the New York Times said Tuesday, citing sources.

While talks are at an early stage, a settlement is likely to include at least $500 million in penalties, people briefed on the matter tell the newspaper. Commerzbank will probably avoid criminal charges in exchange for penalty payments and other concessions, the newspaper said.

A settlement could be reached this summer, according to the report, which follows a U.S. settlement with BNP Paribas (>> BNP PARIBAS) last week. In that case, the French bank agreed to pay nearly $9 billion and plead guilty to violating U.S. sanctions.

Commerzbank declined to comment on the report.

Write to Frankfurt bureau at djnews.frankfurt@dowjones.com

Stocks mentioned in the article : Commerzbank AG, BNP PARIBAS
Stocks mentioned in the article
ChangeLast1st jan.
BNP PARIBAS 1.75% 47.81 Real-time Quote.19.04%
COMMERZBANK AG 5.32% 5.585 Delayed Quote.-8.30%
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Financials (EUR)
Sales 2019 8 560 M
EBIT 2019 1 777 M
Net income 2019 840 M
Debt 2019 -
Yield 2019 3,72%
P/E ratio 2019 8,28x
P/E ratio 2020 7,64x
Capi. / Sales2019 0,82x
Capi. / Sales2020 0,81x
Capitalization 6 994 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 6,22  €
Last Close Price 5,59  €
Spread / Highest target 71,9%
Spread / Average Target 11,3%
Spread / Lowest Target -24,3%
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Managers
NameTitle
Martin Zielke Chairman-Management Board
Stefan Schmittmann Chairman-Supervisory Board
Jörg Hessenmüller Chief Operating Officer
Stephan Engels Chief Financial Officer
Uwe Tschäge Deputy Chairman-Supervisory Board
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