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Commerzbank AG (CRZBY)
OTHER OTC:CRZBY
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Commerzbank AG
(OTC:CRZBY)
Rating:73Outperform
Price Target:―
Commerzbank AG (CRZBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$46.91B
Dividend Yield1.75%
Average Volume (3M)1.83K
Price to Earnings (P/E)16.7
Beta (1Y)0.42
Revenue Growth2.23%
EPS Growth19.59%
CountryUS
Employees39,069
SectorFinancial
Sector Strength71
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.82
Shares Outstanding1,127,496,200
10 Day Avg. Volume2,593
30 Day Avg. Volume1,831
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap-0.92
Enterprise Value/Revenue-2.93
Enterprise Value/Gross Profit-2.97
Enterprise Value/Ebitda189.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
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 AG generates revenue through various streams, primarily driven by its core banking operations. The bank earns interest income from loans and advances provided to customers, including individuals and businesses. Additionally, Commerzbank earns revenue through fee-based services such as asset management, investment banking, and transaction services. The bank also benefits from trading and sales activities, which include foreign exchange, commodities, and equity trading. Key partnerships and a robust client base in the SME sector further bolster its earnings. The bank's ability to leverage its extensive network and expertise in financial markets contributes significantly to its revenue generation.
Commerzbank AG Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: 14.34%|
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance with record operating results and successful strategy execution, despite some challenges such as legacy position impacts and continued economic caution in Germany.Q2-2025 Updates
Positive Updates
Record Operating Result
Commerzbank achieved the best operating result in its history with a 23% increase in the first half of 2025, reaching EUR 2.4 billion.
Strong Revenue and Cost Management
Revenues increased by 13% year-over-year, with a cost/income ratio of 56%, indicating strong cost discipline. The return on tangible equity was 11.1%, above the full-year target of 9.6%.
Net Interest Income Resilience
Net interest income remained resilient in a decreasing rate environment, with guidance increased from EUR 7.8 billion to EUR 8 billion for 2025.
Successful Strategy Execution
Significant progress in implementing the momentum strategy, with restructuring negotiations on track and a new account fee structure successfully introduced.
Dividend and Capital Return
Applied for a share buyback of up to EUR 1 billion in mid-July, with a target to fully distribute net results before restructuring expenses.
Negative Updates
Net Fair Value Result Decline
The net fair value result was slightly negative, impacted by legacy positions and offsetting effects in net interest income.
FX Loan Provisions
Burdens from FX loans in mBank were nearly half the level of last year, but still a notable factor in results.
Challenges in the German Market
The German Mittelstand remains cautious with investment plans, and the economic environment continues to be challenging.
Employee Costs
Increased operating expenses due to general salary increases and higher share prices affecting equity-based variable compensation.
Company Guidance
During the Commerzbank AG conference call for the second quarter of 2025, the bank raised its targets and expectations for the year, highlighting several key metrics. The first half of the year saw a record operating result of EUR 2.4 billion, a 23% increase from the previous year and 36% higher than in 2023. The bank achieved a cost/income ratio of 56%, aligning well with its full-year target of 57%. Additionally, the net interest income (NII) guidance for 2025 was increased from EUR 7.8 billion to EUR 8 billion, marking this as the floor of expectation. Net commission income grew by 8% in the first half, underpinned by strong performances across all customer segments, particularly a 10% increase in PSBC Germany and a 14% rise in mBank. The bank also set a target for a 100% payout ratio based on the net result before restructuring charges, with a CET1 ratio expectation of at least 14.5% by year-end.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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.36B | 9.91B | 10.39B | 9.65B | 8.77B |
| Gross Profit | 12.36B | 11.75B | 10.39B | 9.65B | 8.77B |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 2.68B | 2.22B | 1.44B | 430.00M | -2.89B |
Balance Sheet | |||||
| Total Assets | 554.65B | 517.17B | 477.43B | 473.04B | 506.92B |
| Cash, Cash Equivalents and Short-Term Investments | 89.72B | 102.69B | 86.65B | 60.21B | 81.21B |
| Total Debt | 54.89B | 48.25B | 43.77B | 43.84B | 46.12B |
| Total Liabilities | 518.93B | 484.16B | 43.77B | 43.84B | 46.12B |
| Stockholders Equity | 34.47B | 31.99B | 30.05B | 28.85B | 27.48B |
Cash Flow | |||||
| Free Cash Flow | -21.46B | 19.09B | 25.18B | -25.23B | 32.78B |
| Operating Cash Flow | -20.32B | 20.28B | 25.86B | -24.26B | 33.68B |
| Investing Cash Flow | -1.31B | -920.00M | -713.00M | -804.00M | -1.22B |
| Financing Cash Flow | 565.00M | -1.29B | 178.00M | -1.21B | 2.21B |
Commerzbank AG Technical Analysis
Positive
41.53
Price Trends
33.95
Positive
30.10
Positive
24.18
Positive
Market Momentum
2.07
Negative
76.45
Negative
100.00
Negative
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 41.53 is above the 20-day moving average (MA) of 36.27, above the 50-day MA of 33.95, and above the 200-day MA of 24.18, indicating a bullish trend. The MACD of 2.07 indicates Negative momentum. The RSI at 76.45 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRZBY.
Commerzbank AG Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $27.32B | 12.84 | 11.58% | 3.59% | 1.90% | 2.87% | |
77 Outperform | $21.98B | 11.48 | 11.59% | 4.06% | 2.94% | 20.85% | |
77 Outperform | $29.15B | 12.08 | 9.47% | 2.90% | 0.69% | 14.79% | |
75 Outperform | $24.08B | 10.79 | 10.70% | 0.41% | -2.09% | -6.84% | |
73 Outperform | $46.91B | 16.65 | 8.77% | 1.75% | 2.23% | 19.59% | |
73 Outperform | $23.47B | 11.92 | 10.43% | 3.87% | 6.06% | 28.03% | |
67 Neutral | ¥815.90B | 12.84 | 9.17% | 3.05% | 8.46% | 12.96% |
* Financial Sector Average
Performance Comparison
CRZBY
Commerzbank AG
41.53
28.29
213.67%
FITB
Fifth Third Bancorp
41.27
3.24
8.52%
FCNCA
First Citizens BancShares
1,848.93
-140.72
-7.07%
HBAN
Huntington Bancshares
16.47
3.52
27.18%
MTB
M&T Bank
191.08
35.26
22.63%
RF
Regions Financial
24.63
4.61
23.03%
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.