Commerzbank (DE:CBK)
XETRA:CBK
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Commerzbank
(XETRA:CBK)
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Rating:57Neutral
Price Target:
€36.00
▲(4.86% Upside)
Action:DowngradedDate:03/28/26
The score is driven primarily by improved profitability versus 2020 but tempered by revenue and cash-flow volatility and higher recent leverage. Technicals are weak with the stock trading below major moving averages and a negative MACD, while valuation is supportive with a moderate P/E and a modest dividend yield.
Positive Factors
Improved profitability and margins
Profitability has materially improved since 2020, culminating in much stronger 2025 margins. Higher and more sustainable margins enhance earnings quality and internal capital generation, supporting loan growth, regulatory capital cushions and longer-term return targets.
Negative Factors
Revenue volatility and sharp 2025 decline
Large swings in top-line revenue erode predictability of core earnings and make margins harder to sustain. A >50% drop in a single year suggests dependency on volatile income streams or one-off items, complicating planning, provisioning and long-term profitability visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability and margins
Profitability has materially improved since 2020, culminating in much stronger 2025 margins. Higher and more sustainable margins enhance earnings quality and internal capital generation, supporting loan growth, regulatory capital cushions and longer-term return targets.
Read all positive factors
Commerzbank (CBK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€38.71B
Dividend Yield1.82%
Average Volume (3M)3.57M
Price to Earnings (P/E)15.5
Beta (1Y)0.99
Revenue Growth-2.40%
EPS Growth19.42%
CountryDE
Employees39,069
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.62
Shares Outstanding1,127,496,200
10 Day Avg. Volume2,861,897
30 Day Avg. Volume3,574,636
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)1.20
Price to Sales (P/S)3.66
P/FCF Ratio0.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€37.73Price Target Upside9.90% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)3.01
Revenue Forecast (FY)€13.23B
Commerzbank Business Overview & Revenue Model
Company Description
Commerzbank 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-Busine...
How the Company Makes Money
Commerzbank makes money primarily by earning (1) net interest income, (2) fee and commission income, and (3) trading and other income, with results also influenced by credit loss provisions and operating costs.
1) Net interest income (interest ma...
Commerzbank Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.70B | 11.13B | 25.25B | 21.71B | 14.26B | 12.06B |
| Gross Profit | 12.77B | 10.41B | 12.36B | 11.81B | 10.39B | 9.64B |
| EBITDA | 3.74B | 3.95B | 4.64B | 4.17B | 2.82B | 980.00M |
| Net Income | 2.69B | 2.62B | 2.68B | 2.22B | 1.44B | 430.00M |
Balance Sheet | ||||||
| Total Assets | 581.82B | 603.53B | 554.65B | 517.17B | 477.44B | 467.41B |
| Cash, Cash Equivalents and Short-Term Investments | 72.46B | 98.00B | 89.72B | 102.69B | 86.65B | 60.21B |
| Total Debt | 75.83B | 142.71B | 54.89B | 109.23B | 43.77B | 43.84B |
| Total Liabilities | 546.59B | 568.17B | 518.93B | 484.16B | 446.50B | 437.58B |
| Stockholders Equity | 33.83B | 33.83B | 34.47B | 31.99B | 30.02B | 28.85B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 50.63B | -21.46B | 19.28B | 25.18B | -25.23B |
| Operating Cash Flow | 0.00 | 51.77B | -20.32B | 20.28B | 25.86B | -24.26B |
| Investing Cash Flow | 0.00 | -59.50B | -1.31B | -920.00M | -713.00M | -804.00M |
| Financing Cash Flow | 0.00 | -3.47B | 565.00M | -1.29B | 178.00M | -1.21B |
Commerzbank Technical Analysis
Positive
34.33
Price Trends
32.98
Positive
33.77
Positive
32.74
Positive
Market Momentum
-0.16
Negative
59.43
Neutral
69.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CBK, the sentiment is Positive. The current price of 34.33 is above the 20-day moving average (MA) of 31.50, above the 50-day MA of 32.98, and above the 200-day MA of 32.74, indicating a bullish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 59.43 is Neutral, neither overbought nor oversold. The STOCH value of 69.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:CBK.
Commerzbank Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €51.52B | 9.34 | 8.87% | 2.04% | -8.53% | 62.77% | |
57 Neutral | €38.71B | 15.51 | 7.86% | 1.82% | -2.40% | 19.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €468.83M | 4.91 | 7.88% | 7.13% | 2.31% | -25.41% | |
44 Neutral | €160.62M | 13.15 | 1.61% | ― | ― | ― |
* General Sector Average
DE:CBK
Commerzbank
34.33
13.20
62.47%
DE:DBK
Deutsche Bank AG
27.61
8.90
47.54%
DE:PCZ
ProCredit Holding AG
7.96
-0.25
-3.06%
DE:QB7
Quirin Privatbank AG
3.34
0.04
1.21%
DE:UBK
UmweltBank AG
3.88
-0.99
-20.33%
DE:MBK
MERKUR PRIVATBANK KGaA
16.20
1.58
10.81%
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.