merzbank AG(CRZBY)
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UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
CNBC· 2024-12-18 09:44
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout of the German lender.This marks an increase from a 21% holding previously.Italy's second-largest bank said its ownership now consists of a 9.5% direct stake and around 18.5% through derivative instruments.UniCredit has app ...
Commerzbank: How Low Will The ECB Go In 2025 (Rating Upgrade)
Seeking Alpha· 2024-12-14 18:45
I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea.Analyst’s D ...
Even after 30% rally, silver looks cheap in 2025 - Commerzbank
KITCO· 2024-12-03 19:11
2024 GOLD & SILVER $30 YO TIK BOLD SILVER 2024 SS OFF SILVER 22 OLCE SILVER 2024 GOLD & SILVER 0 $30 YOMK 12 DOLD SILVER 2024 83 OME SILVER 22 OLCE SILVER Neils Christensen Share Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he st ...
Deutsche Bank Wins New Business Thanks to Commerzbank Uncertainty
PYMNTS.com· 2024-11-26 16:59
Germany’s Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank.Commerzbank’s customers are increasingly turning to Deutsche Bank for funding, Jan-Philipp Gillmann, head of Deutsche Bank’s German/European corporate banking division, told attendees at an event at Frankfurt.This is happening amid reports that Commerzbank is the target of a potential merger with Italy’s UniCredit.“Customers are calling us,” said Gillmann, whose comments were reported Tues ...
merzbank AG(CRZBY) - 2024 Q3 - Earnings Call Transcript
2024-11-09 06:05
Commerzbank AG (OTCPK:CRZBF) Q3 2024 Earnings Conference Call November 6, 2024 3:00 AM ET Company Participants Bettina Orlopp - Chief Executive Officer, Chief Financial Officer and Chairwoman Conference Call Participants Benjamin Goy - Deutsche Bank Kian Abouhossein - JPMorgan Tobias Lukesch - Kepler Cheuvreux Borja Ramirez - Citi Jeremy Sigee - BNP Paribas Mate Nemes - UBS Riccardo Rovere - Mediobanca Krishnendra Dubey - Barclays Anke Reingen - RBC Chris Hallam - Goldman Sachs Operator Hello and welcome to ...
UniCredit and Commerzbank square off with target hikes amid takeover battle
CNBC· 2024-11-06 10:52
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt. Daniel Roland | Afp | Getty Images Two months since UniCredit played its opening move to woo German lender Commerzbank, the lenders flaunted their financial strength as one of Europe's largest banking mergers still hangs in balance. Both banks reported third-quarter results on Wednesday, with UniCredit posting an 8% year-on-year hike in net profit to 2.5 billion euros ($2.25 billion), compared with a Reuters ...
UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
CNBC· 2024-09-26 05:20
A man shelters from the rain under an umbrella as he walks past the Euro currency sign in front of the former European Central Bank (ECB) building in Frankfurt am Main, western Germany. Kirill Kudryavtsev | Afp | Getty Images European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Italy's UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest ...
Bettina Orlopp: The woman tasked with leading Commerzbank amid UniCredit takeover battle
CNBC· 2024-09-25 10:18
Bettina Orlopp, chief financial officer of Commerzbank AG, speaks during a fourth quarter earnings news conference at the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 13, 2020. Commerzbank announced Tuesday it has picked 10-year veteran, and current Chief Financial Officer Bettina Orlopp to helm the bank as chief executive as it seeks to fend off a potential hostile takeover from Italian bank UniCredit. The bank has been on the defensive as UniCredit looks to become its largest shareholder, ...
Gold prices to be capped at $2,600 in 2025 as inflation keeps Feds from aggressively easing - Commerzbank
KITCO· 2024-09-24 19:51
ORD HIGHS t a som 705000 at 2.0 co 22.996 21.96 2.56 2 .. 5% 21.86 97. Be 29.96 2.6% 2.50 2.25 21.75 GOL r AECOD HOT 1967 FREED 23, 20 46 Supper 9910 -27 30 chips 25 Olord R 03017 755573 ation co 22.996 21.% 2,56 2 .. 5% 21.86 24.96 97.36 2.6% 2.50 2.25 21.75 GOL ARCOD HIS CHOST CHILLE 95 20 alog Mac 19414 27 3.0 (2017) > 5 00 GMT Neils Christensen Share Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations thr ...
Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
CNBC· 2024-09-24 09:58
15 February 2024, Hesse, Frankfurt/M.: The lettering "Commerzbank" can be seen on the Commerzbank Tower in the center of the banking city. Boosted by the turnaround in interest rates, Commerzbank is aiming for another profit increase after a record year. Photo: Helmut Fricke/dpa (Photo by Helmut Fricke/picture alliance via Getty Images) Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender, a Commerzbank supervisory board member w ...