CRZBY

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UniCredit SpA

Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. The stake acquisition marks the first step in Berlin's exit from its position in the German lender.

Commerzbank shares jump 17% after UniCredit buys 4.5% stake from the German government

Commerzbank shares surged on Wednesday after Italy's biggest bank UniCredit bought a minority stake, triggering speculation a full merger could occur.

Commerzbank shares jump as Italy's UniCredit builds a 9% stake

Italy's UniCredit bought a stake of nearly 4.5% in Germany's Commerzbank for 702 million euros that was sold by the German government, the German government's finance agency announced on Wednesday.

UniCredit buys 4.5% Commerzbank stake from German government

Commerzbank's chief executive officer Manfred Knof won't seek another term when his contract ends in December 2025, the bank said on Tuesday, as the German government began to sell some of its shares in the lender.

Germany trims Commerzbank stake; CEO won't seek new term

The German government's plans to reduce its stake in Commerzbank after bailing the bank out during the global financial crisis is a positive signal that business is back to normal, its deputy chairwoman told a banking conference on Wednesday.

Commerzbank CFO welcomes return to normal with gov't stake reduction

Deutsche Bank

Deutsche Bank Chief Executive Christian Sewing told a banking conference on Wednesday that he was concentrating on Deutsche Bank, not on the German government's plan to reduce its stake in Commerzbank.

Deutsche Bank CEO: focus on Deutsche Bank, not on govt stake in Commerzbank

The German government intends to reduce its stake in Commerzbank AG, it said on Tuesday, after entering in 2008 and 2009 amid a banking crisis.

Germany intends to reduce stake in Commerzbank AG

Goldman Sachs Physical Gold ETF

GraniteShares Gold Shares

Invesco DB Precious Metals Fund

Invesco DB Gold Fund

SPDR Gold Trust

SPDR Gold MiniShares Trust

iShares Gold Trust

VanEck Merk Gold Trust

Aberdeen Standard Gold ETF Trust

ProShares Ultra Gold

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Commerzbank sees gold prices consolidating around $2,500 by year-end

Commerzbank AG (OTCPK:CRZBF) Q2 2024 Results Conference Call August 7, 2024 3:00 AM ET Company Participants Manfred Knof - CEO Bettina Orlopp - CFO Conference Call Participants Benjamin Goy - Deutsche Bank Johannes Thormann - HSBC Kian Abouhossein - JPMorgan Chris Hallam - Goldman Sachs International Tobias Lukesch - Kepler Cheuvreux Vishal Shah - Morgan Stanley Stefan Stalmann - Autonomous Research Anke Reingen - RBC Riccardo Rovere - Mediobanca Borja Ramirez - Citi Jeremy Sigee - BNP Paribas Manfred Knof Good morning, and welcome to our earnings call. Before we start, I would like to make a small personal remark.

Commerzbank AG (CRZBF) Q2 2024 Earnings Call Transcript

Germany's Commerzbank said on Wednesday that net profit fell 4.8% in the second quarter, in line with expectations, and it confirmed its full-year targets.

Commerzbank Q2 net profit drops 5%, as expected; outlook confirmed

ING Groep NV

Dutch bank ING Groep is looking for more local mergers and acquisitions focused on targets with a developed digital offering, its CEO said on Thursday, adding that Germany's Commerzbank did not fit the bill.

ING CEO favours smaller M&A deals, Commerzbank not sufficiently digital

A Russian court has ordered that Commerzbank assets worth 94.9 million euros ($101.86 million) be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed.

Russian court orders Commerzbank assets be awarded to pipeline firm

Commerzbank reported record Q1 2024 earnings with higher net interest income and fee income, leading to a strong capital ratio. Despite improved efficiency and profitability, Commerzbank's valuation is still low compared to peers, but future growth may be limited due to expected rate cuts. A strong capital position supports an attractive shareholder remuneration policy, with potential for increased dividends and share buybacks, but income appeal is lower than the sector average.

Commerzbank: Cyclical Upswing Seems To Now Be Over

UBS Group AG

Swedish climate fintech startup Doconomy told CNBC it's raised 34 million euros ($36.9 million) in a Series B round co-led by the venture arms of UBS and CommerzBank. Founded in Sweden in 2018, Doconomy works with more than 100 financial institutions around the world to help their clients measure the CO2 footprint of their transactions.

Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank

(Kitco News) - Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst.

A pause in Western investor selling has been enough to drive gold to new record highs - Commerzbank

A St Petersburg court has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — according to court documents, the Financial Times and Reuters reported Saturday.

Russian court seizes assets worth over $700 mln from UniCredit, Deutsche Bank and Commerzbank

Commerzbank AG (OTCPK:CRZBF) Q1 2024 Results Conference Call May 15, 2024 3:00 AM ET Company Participants Manfred Knof - Chairman of the Board of MD & CEO Bettina Orlopp - CFO, Head of Tax, IR, Treasury & Deputy Chairwoman of the Board of MD Conference Call Participants Kian Abouhossein - JPMorgan Johannes Thormann - HSBC Benjamin Goy - Deutsche Bank Vishal Shah - Morgan Stanley Riccardo Rovere - Mediobanca Rohith Chandra-Rajan - Bank of America Mate Nemes - UBS Borja Ramirez - Citi Anke Reingen - RBC Stefan Stalmann - Autonomous Timo Dums - DZ Bank Jeremy Sigee - BNP Paribas Exane Manfred Knof Good morning, and welcome to our conference call. We are looking forward to present and discuss our performance of the first quarter.

Commerzbank AG (CRZBF) Q1 2024 Earnings Call Transcript

Germany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for net interest income for the full year.

Commerzbank reports better-than-expected 29% rise in Q1 net profit

JPMorgan Chase & Co

A Moscow court has authorized the seizure of some 12.4 million euros ($13.34 million) of assets held in Russia by a European subsidiary of JPMorgan and Germany's Commerzbank , it said in a preliminary ruling.

Russia court allows seizure of $13 mln of JPMorgan and Commerzbank assets

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and did not provide sufficient security measures, Reuters reported.

Commerzbank Fined for Money Laundering Compliance Failure

German financial watchdog BaFin has ordered Commerzbank to pay a fine of 1.45 million euros ($1.55 million) for breaching its supervisory duties, the regulator said on Monday.

German finance watchdog orders Commerzbank to pay 1.45 mln euro fine

Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1 payment systems to process high-value and urgent payments, Commerzbank said in a Thursday (April 4) press release.

Commerzbank to Integrate PPI Platform, ISO 20022 for X-Border Payments

Germany's Commerzbank said on Thursday that it has acquired a minority stake in investment firm Nixdorf Kapital.

Commerzbank acquires minority stake in Nixdorf Kapital

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Commerzbank (CRZBY) Stock?

Commerzbank AG (CRZBF) Q4 2023 Earnings Call Transcript

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