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Commerzbank (DE:CBK)
XETRA:CBK
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Commerzbank (CBK) AI Stock Analysis

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DE:CBK

Commerzbank

(XETRA:CBK)

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Outperform 74 (OpenAI - 4o)
Rating:74Outperform
Price Target:
€37.00
▲(16.21% Upside)
Commerzbank's overall stock score reflects strong financial performance with robust revenue and profit growth, despite challenges in cash flow management. The technical analysis supports a positive trend, with the stock trading above key moving averages and showing bullish momentum. Valuation metrics indicate a fair valuation with a reasonable P/E ratio and modest dividend yield. The absence of earnings call and corporate events data means these factors do not influence the score.

Commerzbank (CBK) vs. iShares MSCI Germany ETF (EWG)

Commerzbank Business Overview & Revenue Model

Company DescriptionCommerzbank AG is a leading German financial services provider headquartered in Frankfurt, with a strong presence in Europe and a growing footprint in international markets. The bank primarily operates in two segments: Retail Banking and Corporate Banking, offering a wide range of services including personal and business loans, mortgages, investment products, and treasury services. Commerzbank also provides asset management, trade finance, and capital market services, catering to both individual and institutional clients.
How the Company Makes MoneyCommerzbank generates revenue through various key streams. Primarily, it earns income from interest on loans and mortgages extended to retail and corporate clients. Additionally, the bank charges fees for transaction services and account maintenance, contributing to its non-interest income. Investment banking activities, including advisory services for mergers and acquisitions and underwriting, also provide substantial revenue. Commerzbank has established strategic partnerships with fintech companies and other financial institutions to enhance its service offerings and expand its market reach, further diversifying its revenue sources. The bank's investment in digital banking solutions aims to increase efficiency and attract a broader customer base, which is expected to positively impact its earnings in the long run.

Commerzbank Financial Statement Overview

Summary
Commerzbank's financial performance in 2024 shows strong revenue and profit growth, supported by improved margins and no reported debt, which strengthens its financial resilience. However, the decline in free cash flow poses a challenge, indicating potential issues in cash management or investment efficiency. The stable equity ratio and improved ROE reflect a balanced approach to financing, though the bank should focus on enhancing cash flow stability.
Income Statement
85
Very Positive
Commerzbank has demonstrated strong revenue growth, with a notable increase from €9.915 billion in 2023 to €10.364 billion in 2024, marking a growth rate of approximately 4.53%. The net profit margin improved significantly from 22.43% in 2023 to 25.82% in 2024, reflecting enhanced profitability. The EBIT margin also saw substantial growth, reaching 100% in 2024 from 34.65% in 2023. However, the absence of EBITDA data limits a full margin analysis.
Balance Sheet
78
Positive
The equity ratio improved slightly to 6.28% in 2024 from 6.19% in 2023, indicating stable equity relative to total assets. Return on equity increased to 7.69% in 2024 from 6.95% in 2023, showcasing better efficiency in generating profits from shareholder equity. The company has no reported debt in 2024, which is a strong position; however, the low equity ratio suggests potential vulnerability in asset financing.
Cash Flow
60
Neutral
The cash flow position weakened with a negative free cash flow of €-21.461 billion in 2024, a significant decline from €19.089 billion in 2023, indicating challenges in generating cash. The operating cash flow to net income ratio turned negative, highlighting inefficiencies in cash generation relative to earnings. Despite these issues, significant cash and short-term investments provide some liquidity buffer.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue24.70B25.25B21.71B14.26B12.06B11.37B
Gross Profit12.77B12.36B11.81B10.39B9.64B8.76B
EBITDA3.74B4.64B4.17B2.82B980.00M-1.69B
Net Income2.69B2.68B2.22B1.44B430.00M-2.87B
Balance Sheet
Total Assets581.82B554.65B517.17B477.44B467.41B506.92B
Cash, Cash Equivalents and Short-Term Investments72.46B89.72B102.69B86.65B60.21B81.21B
Total Debt75.83B54.89B109.23B43.77B43.84B126.68B
Total Liabilities546.59B518.93B484.16B446.50B437.58B478.04B
Stockholders Equity33.83B34.47B31.99B30.02B28.85B27.48B
Cash Flow
Free Cash Flow0.00-21.46B19.28B25.18B-25.23B32.78B
Operating Cash Flow0.00-20.32B20.28B25.86B-24.26B33.68B
Investing Cash Flow0.00-1.31B-920.00M-713.00M-804.00M-1.22B
Financing Cash Flow0.00565.00M-1.29B178.00M-1.21B2.21B

Commerzbank Technical Analysis

Technical Analysis Sentiment
Negative
Last Price31.84
Price Trends
50DMA
31.77
Positive
100DMA
32.07
Negative
200DMA
27.96
Positive
Market Momentum
MACD
0.20
Positive
RSI
47.86
Neutral
STOCH
21.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CBK, the sentiment is Negative. The current price of 31.84 is below the 20-day moving average (MA) of 32.29, above the 50-day MA of 31.77, and above the 200-day MA of 27.96, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 47.86 is Neutral, neither overbought nor oversold. The STOCH value of 21.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:CBK.

Commerzbank Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
€36.71B14.138.78%2.04%-2.40%19.42%
69
Neutral
€56.15B9.289.15%2.31%-8.53%62.77%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
66
Neutral
€429.96M5.537.49%8.08%2.31%-25.41%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:CBK
Commerzbank
31.84
17.63
124.15%
DE:DBK
Deutsche Bank AG
29.39
14.10
92.29%
DE:PCZ
ProCredit Holding AG
7.30
-0.25
-3.31%
DE:QB7
Quirin Privatbank AG
3.50
-0.09
-2.51%
DE:UBK
UmweltBank AG
3.62
-2.30
-38.85%
DE:MBK
MERKUR PRIVATBANK KGaA
18.90
5.54
41.47%

Commerzbank Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Commerzbank Launches EUR 500 Million Senior Notes
Positive
Nov 17, 2025

Commerzbank AG has announced the launch of EUR 500 million Fixed Non-Preferred Senior Notes due in November 2030 under its Medium-Term Note (MTN) Programme. The bank, in collaboration with several stabilising managers, will conduct a stabilisation period on the Frankfurt Stock Exchange to support the market price of these securities. This move is part of Commerzbank’s strategy to strengthen its financial position and enhance its market presence.

Business Operations and StrategyStock BuybackFinancial Disclosures
Commerzbank Achieves Record Operating Result Amidst Strategic Growth Initiatives
Positive
Nov 6, 2025

Commerzbank has reported a record operating result for the first nine months of 2025, with a 21% increase to €3.4 billion, driven by an 11% rise in revenues. The bank’s growth strategy, ‘Momentum,’ aims for ambitious targets by 2028, including a cost-income ratio of 50% and a net return on tangible equity of 15%. The bank has also initiated a share buyback program and plans further risk-weighted asset management through securitization. Despite restructuring expenses, Commerzbank’s net result remains robust, and it continues to make progress in its corporate and private client segments, with significant loan growth and enhanced advisory services.

Private Placements and Financing
Commerzbank Leads Stabilisation of Land Brandenburg’s EUR 500 Million Notes
Neutral
Nov 4, 2025

Commerzbank AG, as the Stabilisation Coordinator, has announced the potential stabilisation of EUR 500 million fixed rate notes issued by Land Brandenburg, due in 2033. The stabilisation process, involving multiple banks including DZ Bank AG and HSBC Continental, aims to support the market price of these securities during the stabilisation period, which will be conducted in accordance with EU regulations. The securities will be listed on the Berlin Stock Exchange, and the stabilisation period is expected to start on November 3, 2025, lasting no longer than 30 days post-issuance.

Business Operations and StrategyFinancial Disclosures
Commerzbank’s Capital Requirements Reduced, Reflecting Confidence in Growth Path
Positive
Oct 30, 2025

Commerzbank has announced a reduction in its Pillar 2 capital requirement by 10 basis points to 2.15% for 2026, following the European Central Bank’s annual Supervisory Review and Evaluation Process. This decision reflects the ECB’s confidence in Commerzbank’s business model and growth trajectory. The bank’s CEO, Bettina Orlopp, highlighted that the reduced capital requirements allow Commerzbank to maintain a comfortable buffer above the Maximum Distributable Amount threshold, enabling continued investment in its business model and attractive capital returns to shareholders. The unchanged leverage ratio requirement and the bank’s strategic plans to maintain a CET1 ratio of 13.5% by 2028 further underscore its stable financial positioning.

Private Placements and Financing
Commerzbank’s Role in Banco BPM’s EUR 500 Million Note Issuance
Neutral
Oct 21, 2025

Commerzbank, along with several other financial institutions, acted as stabilisation managers for Banco BPM S.p.A.’s issuance of EUR 500 million Green Fixed to Floating Rate SNP Notes due in October 2031. The announcement clarifies that no stabilisation actions were undertaken for these securities, which are part of Banco BPM’s EUR 25 billion EMTN Programme.

Private Placements and Financing
Commerzbank Announces No Stabilisation for GBP 400 Million Notes
Neutral
Oct 17, 2025

Commerzbank AG has announced that no stabilisation measures were undertaken for its GBP 400 million Non-Preferred Senior Notes, which are due in October 2031. This issuance, part of the bank’s EMTN Programme, involves several stabilisation managers including Banco Santander, NatWest Markets, RBC Capital Markets, and UBS Investment Bank, highlighting Commerzbank’s strategic financial maneuvers in the European debt market.

Private Placements and Financing
Commerzbank Announces No Stabilisation for Eurogrid’s Green Bond Issuance
Neutral
Oct 17, 2025

Commerzbank has announced that no stabilisation was undertaken in relation to Eurogrid GmbH’s dual Green Bond issuance. Eurogrid GmbH, based in Berlin, Germany, issued two senior unsecured Green Notes worth a total of EUR 1.1 billion under its Debt Issuance Programme. The issuance includes a EUR 500 million note due in 2029 and a EUR 600 million note due in 2040. This announcement highlights Commerzbank’s role as a stabilisation manager alongside BNP Paribas, ING Bank, and NatWest Markets, indicating the bank’s active involvement in the green finance sector.

Private Placements and Financing
Commerzbank Launches GBP 400m Non-Preferred Senior Notes
Neutral
Oct 8, 2025

Commerzbank AG has announced the issuance of GBP 400 million in Non-Preferred Senior Notes due in 2031 under its EMTN Programme. The bank, along with other stabilising managers, will engage in market stabilisation activities to support the price of these securities, which are listed on the Luxembourg Stock Exchange. This move is expected to enhance Commerzbank’s financial offerings and market presence, although stabilisation actions are not guaranteed.

Private Placements and Financing
Commerzbank to Stabilise Eurogrid’s Green Fixed Rate Notes
Neutral
Oct 6, 2025

Commerzbank AG, as the Stabilisation Coordinator, announced the potential stabilisation of Eurogrid GmbH’s EUR Senior unsecured Green Fixed Rate Notes due in 2029 and 2040. These notes are part of Eurogrid’s Debt Issuance Programme and will be listed on the Luxembourg Stock Exchange. The stabilisation period is expected to start on October 6, 2025, and may last up to 30 days after the issue date. The stabilisation efforts, which may include over-allotment, aim to support the market price of the securities, although such actions are not guaranteed and will comply with applicable laws.

Private Placements and Financing
Commerzbank Reports No Stabilisation for KfW EUR 3bn Notes
Neutral
Oct 1, 2025

Commerzbank announced that no stabilisation actions were undertaken by the stabilising managers for the EUR 3 billion 2.50% Senior unsecured Notes issued by Kreditanstalt für Wiederaufbau, due in November 2030. This notice highlights the completion of the issuance process without the need for market intervention, which may indicate a stable demand and market confidence in the securities offered.

Private Placements and Financing
Commerzbank Announces No Stabilization for Amprion AG’s Green Notes
Neutral
Sep 25, 2025

Commerzbank has announced that no stabilization activities were undertaken in relation to Amprion AG’s issuance of EUR 600 million 2.75% Senior Unsecured Green Notes due in 2029 and EUR 900 million 4.00% Senior Unsecured Green Notes due in 2040. These notes were launched under Amprion AG’s Debt Issuance Programme, with Commerzbank, along with several other banks, acting as stabilizing managers. The announcement indicates that the issuance was conducted without market intervention, potentially reflecting strong market confidence in Amprion AG’s green financing initiatives.

Business Operations and StrategyStock Buyback
Commerzbank Initiates €1 Billion Share Buyback Program
Positive
Sep 24, 2025

Commerzbank has announced a €1 billion share buyback program set to commence on September 25, 2025, and conclude by February 10, 2026. This initiative, approved by the European Central Bank and the German Finance Agency, is part of the bank’s strategy to return capital to shareholders, aiming to enhance shareholder value and offer attractive returns. Additionally, Commerzbank plans to repurchase shares worth up to €15.5 million for an employee share program. This move is expected to solidify Commerzbank’s market position and demonstrate its commitment to shareholder returns.

Business Operations and StrategyStock Buyback
Commerzbank Initiates €1 Billion Share Buyback Program
Positive
Sep 24, 2025

Commerzbank AG has announced a share buyback program worth up to 1 billion euros, set to commence on September 25, 2025, and conclude by February 10, 2026. This strategic move is expected to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and signaling confidence in the bank’s financial health. The announcement reflects Commerzbank’s commitment to optimizing its capital structure and improving its market position, which may have positive implications for its stakeholders.

Business Operations and StrategyPrivate Placements and Financing
Commerzbank Announces Pre-Stabilisation for EUR 500mn Securities
Neutral
Aug 26, 2025

Commerzbank AG has announced a pre-stabilisation notice for its EUR 500 million Callable Non-Preferred Senior securities due in 2036. The bank, along with other stabilising managers, may engage in market activities to support the price of these securities during the stabilisation period, which is expected to last up to 30 days post-issue. This move is part of the bank’s efforts to manage the market conditions for its securities, with potential implications for investors and market stability.

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.Date of analysis: Nov 18, 2025