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Commerzbank AG (CRZBY)
OTHER OTC:CRZBY
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Commerzbank AG
(OTC:CRZBY)
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Select Model
Rating:77Outperform
Price Target:
$45.00
▲(14.45% Upside)
Commerzbank AG's strong financial performance and positive earnings call are the most significant factors driving the score. The technical analysis supports a bullish outlook, while valuation metrics are reasonable. Cash flow concerns slightly temper the overall positive assessment.
Positive Factors
Strong Financial Performance
Exceeding return targets indicates effective capital utilization and strengthens investor confidence, supporting long-term growth prospects.
Cost/Income Ratio Improvement
Improved cost efficiency enhances profitability and competitiveness, positioning the bank well for sustained financial health.
Robust CET1 Ratio
A strong CET1 ratio ensures financial stability and regulatory compliance, enabling the bank to withstand economic fluctuations.
Negative Factors
Legal Provisions Impact
Significant legal provisions can strain financial resources and impact profitability, posing a risk to future earnings stability.
Challenges with Loan Defaults
Increased loan defaults can lead to higher credit losses, affecting the bank's financial performance and risk management strategies.
Cash Flow Concerns
Negative cash flow indicates potential liquidity issues, which could constrain the bank's ability to invest and grow sustainably.
Commerzbank AG (CRZBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$44.33B
Dividend Yield1.84%
Average Volume (3M)2.47K
Price to Earnings (P/E)15.7
Beta (1Y)0.42
Revenue Growth-0.55%
EPS Growth20.78%
CountryUS
Employees39,069
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.56
Shares Outstanding1,127,496,200
10 Day Avg. Volume4,150
30 Day Avg. Volume2,470
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.54
Price to Sales (P/S)0.74
P/FCF Ratio-0.87
Enterprise Value/Market Cap-0.98
Enterprise Value/Revenue-1.75
Enterprise Value/Gross Profit-3.39
Enterprise Value/Ebitda-11.58
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Commerzbank AG Business Overview & Revenue Model
Company DescriptionCommerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services. It also provides money market, and commodities and precious metals products; interest, currency, and liquidity management services, as well as wealth management services. The company operates approximately 790 branches. Commerzbank AG was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
How the Company Makes MoneyCommerzbank makes money primarily through interest income generated from lending activities, where it offers loans to individuals and businesses at higher interest rates than it pays on deposits. Additionally, the bank earns substantial revenue from fees and commissions associated with its various services, such as account maintenance, transaction processing, and wealth management. Investment banking activities, including advisory fees, capital market services, and trading operations, also contribute significantly to its earnings. Partnerships with financial institutions and corporations enhance its service offerings and increase transaction volumes, further boosting revenue. The bank's diversified portfolio across different financial services helps mitigate risks and stabilize income streams.
Commerzbank AG Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Positive
Commerzbank reported record financial performance and growth across several key metrics, raising its outlook for 2025. Despite some economic challenges in Germany and one-off tax impacts, the bank's strategic initiatives in AI, cost management, and capital returns show strong positive momentum.Q3-2025 Updates
Positive Updates
Best 9 Months Operating Result in History
Commerzbank achieved the best 9 months operating result in its history, driven by strong revenue growth and high cost discipline.
Record Loan Growth
Corporate Clients segment saw a 13% loan growth year-on-year, with substantial increases in fee income (8%) and total revenues (11%).
Share Price Doubled
The share price of Commerzbank has almost doubled over the last 12 months.
Raised 2025 Outlook
Net interest income outlook raised from EUR 8 billion to EUR 8.2 billion. Risk result expectation improved to below EUR 850 million.
Capital Return Program
Active EUR 1 billion share buyback program progressing well, with plans for a second tranche of up to EUR 600 million.
AI and Efficiency Initiatives
Significant progress in AI use cases and restructuring program, with a high acceptance rate for part-time early retirements.
Negative Updates
Tax Impact on Net Result
Net result for the quarter was lower due to a one-off tax effect from DTAs driven by the reduction of the German corporate tax rate starting in 2028.
Economic Challenges in Germany
Despite stimulus packages, bureaucracy, energy prices, and a shortage of skilled workers still weigh on business prospects in Germany.
Minor Valuation Loss
A EUR 34 million valuation effect from holding in eToro affected the net fair value result.
Higher Personnel Costs
Personnel expenses increased due to planned increases and valuation effects of a higher share price on equity-based compensation.
Company Guidance
In the third quarter of 2025, Commerzbank AG reported strong financial performance, with a notable operating result that was the best in the bank's history for the first nine months. CEO Bettina Orlopp highlighted a significant 13% loan growth in Corporate Clients, an 8% increase in fee income, and an 11% rise in total revenues. The bank's cost-income ratio stood at 56%, reflecting high cost discipline, and a return on tangible equity of 10% was achieved, excluding restructuring charges. The bank's net interest income outlook was revised upward to EUR 8.2 billion, and the risk result expectation was improved to below EUR 850 million. Commerzbank also maintained its target cost-income ratio of 57% and a net result of EUR 2.5 billion, translating to EUR 2.9 billion when excluding restructuring charges. The CET1 ratio was expected to remain at least 14.5% by year-end. These metrics underscore the bank's strong financial health and strategic progress, bolstered by macroeconomic factors such as the German stimulus package and improvements in business sentiment.Commerzbank AG Financial Statement Overview
Summary
Commerzbank AG exhibits robust revenue growth and profitability. The income statement shows strong net profit margins, and the balance sheet reflects a solid equity position with no debt. However, the cash flow statement reveals liquidity concerns due to negative cash flows in 2024.Income Statement
Commerzbank AG has shown strong revenue growth over the years, with a notable increase from 2023 to 2024. The gross profit margin remains solid as the revenue equals the gross profit, indicating efficient cost management. However, the EBIT margin for 2024 is non-existent due to zero EBIT, which raises concerns about operational efficiency. Net profit margin is robust, reflecting effective bottom-line management.85
Very Positive
Balance Sheet
The bank's debt-to-equity ratio has improved as it shows no debt in 2024, reflecting a strong equity position. The return on equity has been increasing, showcasing effective utilization of equity. The equity ratio demonstrates a healthy balance sheet with significant equity compared to total assets. However, the large cash holdings might indicate underutilized resources.75
Positive
Cash Flow
The free cash flow has significantly decreased in 2024, moving from positive to negative, raising concerns about cash management. The operating cash flow to net income ratio is negative, indicating cash flow challenges. Despite these issues, the company had strong cash flow in previous years, showing potential for recovery if managed effectively.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.70B | 25.25B | 21.71B | 14.26B | 12.06B | 11.37B |
| Gross Profit | 12.77B | 12.36B | 11.81B | 10.39B | 9.64B | 8.76B |
| EBITDA | 3.74B | 4.64B | 4.17B | 2.82B | 980.00M | -1.69B |
| Net Income | 2.69B | 2.68B | 2.22B | 1.44B | 430.00M | -2.87B |
Balance Sheet | ||||||
| Total Assets | 581.82B | 554.65B | 517.17B | 477.43B | 467.41B | 506.61B |
| Cash, Cash Equivalents and Short-Term Investments | 72.46B | 89.72B | 102.69B | 86.65B | 60.21B | 81.21B |
| Total Debt | 75.83B | 54.89B | 48.25B | 43.77B | 43.84B | 46.12B |
| Total Liabilities | 546.59B | 518.93B | 484.16B | 446.50B | 437.58B | 478.04B |
| Stockholders Equity | 33.83B | 34.47B | 31.99B | 30.05B | 28.85B | 27.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -21.46B | 19.28B | 25.18B | -25.23B | 32.78B |
| Operating Cash Flow | 0.00 | -20.32B | 20.28B | 25.86B | -24.26B | 33.68B |
| Investing Cash Flow | 0.00 | -1.31B | -920.00M | -713.00M | -804.00M | -1.22B |
| Financing Cash Flow | 0.00 | 565.00M | -1.29B | 178.00M | -1.21B | 2.21B |
Commerzbank AG Technical Analysis
Positive
39.32
Price Trends
37.02
Positive
37.44
Positive
32.12
Positive
Market Momentum
0.31
Negative
63.16
Neutral
48.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRZBY, the sentiment is Positive. The current price of 39.32 is above the 20-day moving average (MA) of 37.72, above the 50-day MA of 37.02, and above the 200-day MA of 32.12, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 63.16 is Neutral, neither overbought nor oversold. The STOCH value of 48.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRZBY.
Commerzbank AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $44.33B | 15.65 | 8.77% | 1.84% | -0.55% | 20.78% | |
77 Outperform | $74.79B | 12.31 | 11.31% | 3.46% | 1.79% | 30.93% | |
75 Outperform | $76.24B | 11.23 | 11.69% | 4.12% | 2.91% | 33.77% | |
71 Outperform | $74.80B | 16.96 | 7.85% | 3.32% | -20.94% | -18.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $59.48B | 12.47 | 7.98% | 4.47% | 22.02% | ― | |
62 Neutral | $87.09B | 13.06 | 9.14% | 2.79% | -2.84% | 25.48% |
* Financial Sector Average
CRZBY
Commerzbank AG
39.32
24.32
162.13%
TFC
Truist Financial
46.50
1.73
3.86%
LYG
Lloyds Banking
5.10
2.54
99.22%
MFG
Mizuho Financial
7.10
1.89
36.28%
PNC
PNC Financial
190.72
-13.10
-6.43%
USB
US Bancorp
49.05
-1.45
-2.87%
Commerzbank AG Corporate Events
Commerzbank’s Earnings Call Highlights Record Performance
Nov 7, 2025
Commerzbank’s recent earnings call revealed a robust financial performance, marked by record-breaking achievements and strategic advancements. Despite facing economic challenges in Germany and a one-off tax impact, the bank’s initiatives in AI, cost management, and capital returns have set a positive trajectory for future growth.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.