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MarketScreener Homepage  >  Equities  >  Xetra  >  Commerzbank AG    CBK   DE000CBK1001


Real-time Estimate Quote. Real-time Estimate Tradegate - 10/28 04:45:37 pm
4.074 EUR   -3.96%
10/27COMMERZBANK : Disclosures according to Pfandbriefgesetz as of 09-30-2020
10/27AMS sees pick up in revenues; sells $900 mln convertible bond
10/23COMMERZBANK AG : Goldman Sachs remains Neutral
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German bond yields tick up as U.S. stimulus hopes support markets

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09/25/2020 | 04:40am EDT

* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr

AMSTERDAM, Sept 25 (Reuters) - Safe-haven German bond yields ticked up in early Friday trade as stimulus hopes in the United States supported global markets.

Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week, and House Speaker Nancy Pelosi reiterated she is ready to negotiate on it with the White House. That news helped assuage fears this week that recovery from the pandemic could be running out of steam, which shook markets.

"We see core bond markets mainly exposed to (at times erratic) swings in the equity complex and (at times contradictory) news regarding a potential US stimulus package," UniCredit analysts told clients.

"U.S. Treasury and Bund markets are likely to continue their seesawing pattern of the past two weeks or so for another few days."

Germany's 10-year yield was up 1 basis point to -0.50% in early trade. They are set to end the week lower as the growing number of coronavirus cases in Europe support demand for safe-haven bonds.

More European Central Bank speakers were out on Friday, with Governing Council member Francois Villeroy de Galhau saying the ECB should examine whether the current formulation of its inflation target casts doubt on the ECB's commitment to symmetry.

"We would argue that further central bank speak will have a harder job moving markets going forward," ING analysts said, noting that many ECB speakers have already left the door open for further easing.

Investors are pricing about a 90% chance of a full ECB rate cut in July 2021, compared with a full probability earlier in the week.

Money markets are in focus after the latest allotment of the European Central Bank's ultra-cheap TLTRO loans. Analysts expect they will push excess liquidity - commercial bank deposits held at the ECB after accounting for minimum reserve requirements - above 3 trillion euros.

Money market rates have sunk to record lows; the amount of excess liquidity leaves little reason for banks to borrow from one another. While Euribor interbank rates have come off record lows in recent sessions, analysts expect they will fall back.

"The challenge for most bank treasurers should be too much, not too little liquidity, prompting more defensive or no bids at all for deposits," Christoph Rieger, head of rates and credit research at Commerzbank, told clients. (Reporting by Yoruk Bahceli, editing by Larry King)

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All news about COMMERZBANK AG
10/27COMMERZBANK : Disclosures according to Pfandbriefgesetz as of 09-30-2020
10/27AMS sees pick up in revenues; sells $900 mln convertible bond
10/23COMMERZBANK AG : Goldman Sachs remains Neutral
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10/16COMMERZBANK AG : Gets a Neutral rating from RBC
10/16COMMERZBANK AG : Jefferies sticks Neutral
10/16COMMERZBANK AG : Credit Suisse gives a Neutral rating
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Sales 2020 8 422 M 9 898 M 9 898 M
Net income 2020 -291 M -342 M -342 M
Net Debt 2020 - - -
P/E ratio 2020 -18,8x
Yield 2020 0,50%
Capitalization 5 313 M 6 246 M 6 243 M
Capi. / Sales 2020 0,63x
Capi. / Sales 2021 0,63x
Nbr of Employees 47 549
Free-Float 84,4%
Duration : Period :
Commerzbank AG Technical Analysis Chart | MarketScreener
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Technical analysis trends COMMERZBANK AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 20
Average target price 5,06 €
Last Close Price 4,24 €
Spread / Highest target 69,7%
Spread / Average Target 19,3%
Spread / Lowest Target -26,9%
EPS Revisions
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
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