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MarketScreener Homepage  >  Equities  >  Xetra  >  Commerzbank AG    CBK   DE000CBK1001

COMMERZBANK AG

(CBK)
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Commerzbank to hold supervisory board meeting to discuss strategy: sources

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05/15/2019 | 01:30pm EDT
FILE PHOTO: FILE PHOTO: A sign for an ATM of Commerzbank is seen next to the headquarters of Deutsche Bank (R) in Frankfurt

FRANKFURT (Reuters) - Commerzbank plans to hold an extraordinary meeting of its supervisory board on May 21 to discuss strategy, people familiar with the matter said on Wednesday.

The gathering, which will take place the day before the bank's annual general meeting, comes amid questions about Commerzbank's future after the collapse of merger talks with rival Deutsche Bank last month.

On Tuesday, Reuters reported that Italian bank UniCredit had stepped up preparations for a potential bid for Commerzbank by drafting in investment bankers. Sources have also said that Dutch bank ING has held informal talks with Commerzbank.

A spokeswoman for Commerzbank declined to comment on the meeting, which was first reported by Handelsblatt.

Half of the bank's 20-member supervisory board are labor representatives, who have worried about job losses if the bank were to merge with a competitor.

Commerzbank plans to present a new strategic plan to investors later this year.

(Reporting by Hans Seidenstuecker and Tom Sims; Editing by Susan Fenton)

Stocks treated in this article : Commerzbank AG, Deutsche Bank AG
Stocks mentioned in the article
ChangeLast1st jan.
COMMERZBANK AG -1.19% 6.708 Delayed Quote.16.00%
DEUTSCHE BANK AG -1.39% 6.367 Delayed Quote.-8.61%
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Financials (€)
Sales 2019 8 677 M
EBIT 2019 1 825 M
Net income 2019 909 M
Debt 2019 -
Yield 2019 3,41%
P/E ratio 2019 9,26
P/E ratio 2020 7,27
Capi. / Sales 2019 0,97x
Capi. / Sales 2020 0,94x
Capitalization 8 401 M
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Technical analysis trends COMMERZBANK AG
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Mean consensus HOLD
Number of Analysts 24
Average target price 8,62 €
Spread / Average Target 28%
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Managers
NameTitle
Martin Zielke Chairman-Management Board
Stefan Schmittmann Chairman-Supervisory Board
Frank Annuscheit Chief Operating Officer
Stephan Engels Chief Financial Officer
Uwe Tschäge Vice Chairman-Supervisory Board
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