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Commerzbank AG CBK Stock Quote

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Morningstar‘s Stock Analysis CBK

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Commerzbank Reports Good First Quarter; Lifting Our Fair Value Estimate to EUR 9

Niklas Kammer, CFA Equity Analyst

Business Strategy and Outlook

| Niklas Kammer, CFA |

Commerzbank generates about 70% of its operating income in the highly competitive German market, where banks without profit-maximizing motives (savings and cooperative banks) dominate the retail space and German as well as international competitors vie for the coveted German corporate market. In this competitive environment, Commerzbank has too long stuck to its large branch network strategy, failing to digitize processes sufficiently to compete in today’s changing banking landscape.

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Key Statistics CBK

Company Profile CBK

Business Description

Commerzbank operates primarily in Europe. Germany contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.

Frankfurt, HE, 60261, Germany
T +49 6913620
Industry Banks - Regional
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 38,465

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