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An update from Commerzbank ( (DE:CBK) ) is now available.
Commerzbank and Visa have announced a strategic partnership in the card business, enhancing their existing collaboration to focus on payment innovations. This partnership will see Commerzbank customers primarily receiving Visa debit and credit cards, supporting Commerzbank’s strategic direction in payments and ensuring access to future payment innovations. The initiative aims to simplify shopping online and abroad for customers and expand marketing for account and card offerings. The collaboration is set to strengthen Visa’s role within Commerzbank’s comdirect brand and includes a focus on payment security for business and corporate clients.
More about Commerzbank
Commerzbank is a full-service bank with two main business segments: Corporate Clients and Private and Small-Business Customers. It is a leading bank for Germany’s Mittelstand and a key partner in foreign trade financing, managing approximately 30% of Germany’s foreign trade. Commerzbank operates in more than 40 countries and offers a comprehensive portfolio of financial services. It caters to private and small-business customers in Germany with an omni-channel approach, and its comdirect brand offers digital banking services. Its Polish subsidiary, mBank S.A., serves customers in Poland, the Czech Republic, and Slovakia.
YTD Price Performance: 20.36%
Average Trading Volume: 1,883,451
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.2B
See more insights into CBK stock on TipRanks’ Stock Analysis page.
