Shares of Commerzbank AG (OTCMKTS:CRZBY – Get Free Report) saw an uptick in trading volume on Monday . Approximately 575,336 shares changed hands during mid-day trading, an increase of 1,061% from the previous session’s volume of 49,550 shares.The stock last traded at $43.77 and had previously closed at $43.85.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Finally, Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Commerzbank currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on CRZBY
Commerzbank Price Performance
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. On average, analysts expect that Commerzbank AG will post 3.53 EPS for the current year.
Institutional Trading of Commerzbank
A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Commerzbank Company Profile
Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.
On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.
Featured Articles
- Five stocks we like better than Commerzbank
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.
