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MarketScreener Homepage  >  Equities  >  Xetra  >  Commerzbank AG    CBK   DE000CBK1001

COMMERZBANK AG

(CBK)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/26 12:30:00 pm
4.463 EUR   -2.43%
10/23COMMERZBANK AG : Goldman Sachs remains Neutral
MD
10/23COMMERZBANK AG : UBS gives a Sell rating
MD
10/21COMMERZBANK : After years of growth, Frankfurt bank jobs to decline amid virus - study
RE
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Euro zone bond yields edge higher but economic recovery concerns persist

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09/18/2020 | 04:43am EDT

MILAN, Sept 18 (Reuters) - Euro zone government bond yields edged up after Thursday’s fall as stocks pared losses overnight signalling some risk-appetite, but persistent concerns about economic recovery as well as a lower-for-longer interest rates scenario underpinned prices.

The Bank of England (BoE) comments about a possible cut in interest rates below zero fuelled a rally in Gilts on Thursday and supported the eurozone bonds.

But the rally was short-lived with safe-haven German 10-year bond yields rising 1 basis point at -0.479% in early trade. Italian 10-year yields were up 1.3 basis points at 0.969%.

“BoE's ‘structured engagement’ with bank regulators on negative rates is fuelling rate cut speculation, ensuring that Bund dips continue to be bought and allowing 10-year yields to push through the -0.50% level,” a Commerzbank note said.

The U.S. Federal Reserve on Wednesday promised to keep rates near zero until inflation is on track to "modestly exceed" its 2% target, prompting analysts forecast that the U.S. central bank would to stick to this policy until the end 2023.

Poor economic data from the United States on Thursday further added to worries about the global economic recovery. The number of Americans filing new claims for unemployment benefits fell less than expected, suggesting the labor market shifted into low gear amid fading fiscal stimulus.

Focus remained on central banks after dovish ECB speakers nuanced the bank's unexpectedly sanguine policy message last week that took markets by surprise given the bloc's negative inflation reading in August and the appreciation of the euro.

Investors were shrugging off regional elections and a constitutional referendum in Italy due on September 20-21 as they do not expect risks of political instability after the vote.

“The upcoming elections look inconsequential for BTPs. For 10yr BTP-Bunds, we now believe an average of 150bp can hold for much of 2021. A Citi research note said forecasting a 125-175 range in the near future,” a Citi research note said. (Reporting by Stefano Rebaudo; Editing by Shri Navaratnam)


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All news about COMMERZBANK AG
10/23COMMERZBANK AG : Goldman Sachs remains Neutral
MD
10/23COMMERZBANK AG : UBS gives a Sell rating
MD
10/21COMMERZBANK : After years of growth, Frankfurt bank jobs to decline amid virus -..
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10/19COMMERZBANK AG : Gets a Buy rating from Kepler Cheuvreux
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10/19COMMERZBANK AG : Goldman Sachs reiterates its Neutral rating
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10/16COMMERZBANK AG : Gets a Neutral rating from RBC
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10/16COMMERZBANK AG : Jefferies sticks Neutral
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10/16COMMERZBANK AG : Credit Suisse gives a Neutral rating
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10/13UniCredit picks former Treasury chief Padoan as chairman
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10/13UniCredit picks former Treasury chief Padoan as chairman
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More news
Financials
Sales 2020 8 422 M 9 945 M 9 945 M
Net income 2020 -291 M -344 M -344 M
Net Debt 2020 - - -
P/E ratio 2020 -21,7x
Yield 2020 0,19%
Capitalization 5 728 M 6 781 M 6 764 M
Capi. / Sales 2020 0,68x
Capi. / Sales 2021 0,68x
Nbr of Employees 47 549
Free-Float 84,4%
Chart COMMERZBANK AG
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Commerzbank AG Technical Analysis Chart | MarketScreener
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Technical analysis trends COMMERZBANK AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 5,06 €
Last Close Price 4,57 €
Spread / Highest target 57,4%
Spread / Average Target 10,6%
Spread / Lowest Target -32,2%
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