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Commerzbank AG (ADR) (CRZBY)
:CRZBY
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.41Last Year’s EPS
0.32Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 0.00%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with improved financial guidance and strong capital management, although there are challenges related to interest income decline and economic conditions in Germany. The overall strategic direction seems robust, with a focus on fee income growth and capital efficiency.Company Guidance
During the Q3 2024 earnings call, Commerzbank's CEO Bettina Orlopp provided revised guidance reflecting a robust performance and strategic advancements. The bank reported a net result of EUR 1.9 billion for the first nine months, translating to a return on tangible equity of 8.8%, and a CET1 ratio of 14.8%. In light of this, the outlook for the full year 2024 was adjusted, with revenue expectations set at EUR 10.9 billion, driven by an anticipated net interest income (NII) of EUR 8.2 billion and a 5% growth in fee income. The cost/income ratio target is set at 60%, with an expected risk result of less than EUR 800 million. For capital distribution, Commerzbank plans a share buyback of EUR 600 million, with potential for an additional EUR 400 million, targeting a total capital return of EUR 1.6 billion. Looking forward, the bank aims to achieve a return on tangible equity of at least 8% for 2024 and has outlined targets for 2027, including an ambition to surpass a 12% return and reduce the cost/income ratio to 54%.Improved Financial Guidance for 2024 and 2027
Commerzbank has delivered ahead of plan and improved its guidance for 2024, forecasting a net result of EUR 2.4 billion and a CET1 ratio of 15% by year-end. The return on tangible equity is expected to be at least 8%, with a cost/income ratio target of 60% for 2024. For 2027, they expect a return ambition above 12% and a cost/income ratio down to 54%.
Successful Capital Management
The CET1 ratio has been increased to 14.8%. A share buyback program of EUR 600 million will start, with an application for another EUR 400 million buyback approved. Commerzbank aims to distribute more than 90% of capital in the upcoming years.
Strong Performance in Corporate Clients and PSBC
Corporate Clients achieved a loan volume of EUR 100 billion despite economic challenges. PSBC Germany maintained revenue levels, with fee income up 7.6% year-on-year, driven by securities business growth.
Fee Income Growth
Fee income increased by more than 5% in 2024, with strong contributions from trade finance, lending, and FX trading.
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CRZBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRZBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $18.09 | $17.29 | -4.42% |
| Aug 07, 2024 | $14.41 | $13.87 | -3.75% |
| May 15, 2024 | $15.51 | $16.35 | +5.42% |
| Feb 15, 2024 | $11.04 | $11.70 | +5.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Commerzbank AG (ADR) (CRZBY) report earnings?
Commerzbank AG (ADR) (CRZBY) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Commerzbank AG (ADR) (CRZBY) earnings time?
Commerzbank AG (ADR) (CRZBY) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRZBY EPS forecast?
CRZBY EPS forecast for the fiscal quarter 2024 (Q4) is 0.41.
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