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MarketScreener Homepage  >  Equities  >  Xetra  >  Commerzbank AG    CBK   DE000CBK1001

COMMERZBANK AG

(CBK)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/03 02:28:31 am
5.484 EUR   -0.29%
12/02SURVIVING THE PANDEMIC : Lessons from Germany's Mittelstand
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12/01JEAN PIERRE MUSTIER : UniCredit's dealmaker who sold but balked at buying
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12/01UniCredit CEO steps down in clash with board
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Commerzbank : After years of growth, Frankfurt bank jobs to decline amid virus - study

10/21/2020 | 08:27am EST

FRANKFURT, Oct 21 (Reuters) - A steady increase in banking jobs in the German financial capital of Frankfurt has likely come to an end because of the coronavirus pandemic, according to a study by German lender Helaba on Wednesday.

Financial jobs in the city have generally been on the rise since 2014 amid greater demand for staff overseeing compliance and regulation at banks, and as Britain's withdrawal from the European Union lured jobs from London.

Helaba had expected this upward trend to continue through the end of 2021, but now, as a result of the pandemic, Helaba economists expect the city's bank jobs will now begin to contract.

Helaba expects that by the end of 2022 Frankfurt will have around 62,700 bank employees, down around 2,000 people, or 3%, from the crisis' outbreak earlier this year.

Frankfurt is home to Deutsche Bank, Commerzbank , the European Central Bank, as well as the European headquarters for scores of non-German banks.

Frankfurt has been dubbed Bankfurt or Mainhattan, after the river Main that the city straddles. (Reporting by Hans Seidenstuecker and Tom Sims Editing by Edward Taylor)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
COMMERZBANK AG 1.81% 5.5 Delayed Quote.-0.31%
DEUTSCHE BANK AG -0.16% 9.53 Delayed Quote.37.78%
All news about COMMERZBANK AG
12/02SURVIVING THE PANDEMIC : Lessons from Germany's Mittelstand
RE
12/01JEAN PIERRE MUSTIER : UniCredit's dealmaker who sold but balked at buying
RE
12/01UniCredit CEO steps down in clash with board
RE
12/01UniCredit CEO steps down in clash with board
RE
11/30COMMERZBANK : Regulatory capital requirements for Commerzbank to fall for 2021
PU
11/30COMMERZBANK : Disclosure Report as at 30 September 2020 in accordance with CRR
PU
11/30UniCredit CEO steps down in clash with board
RE
11/27Commerzbank reshuffle continues with new head of corporate business
RE
11/27COMMERZBANK : Roland Boekhout, Board Member for Corporate Clients, leaves Commer..
PU
11/27COMMERZBANK : Roland Boekhout, Board Member for Corporate Clients, leaves Commer..
EQ
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Financials
Sales 2020 8 342 M 10 105 M 10 105 M
Net income 2020 -276 M -334 M -334 M
Net Debt 2020 - - -
P/E ratio 2020 -25,2x
Yield 2020 -
Capitalization 6 888 M 8 322 M 8 344 M
Capi. / Sales 2020 0,83x
Capi. / Sales 2021 0,81x
Nbr of Employees 47 912
Free-Float 84,4%
Chart COMMERZBANK AG
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Technical analysis trends COMMERZBANK AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 5,02 €
Last Close Price 5,50 €
Spread / Highest target 32,7%
Spread / Average Target -8,66%
Spread / Lowest Target -29,1%
EPS Revisions
Managers
NameTitle
Martin Zielke Chairman-Management Board
Hans-Jörg Vetter Chairman-Supervisory Board
Jörg Hessenmüller Chief Operating Officer
Bettina Orlopp Chief Financial Officer
Uwe Tschäge Deputy Chairman-Supervisory Board
Sector and Competitors