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, ...

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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 ...

Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024. UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired fr ...

The Commerzbank building (second from right) in Frankfurt am Main, western Germany, on Sept. 25, 2023. Kirill Kudryavtsev | Afp | Getty Images UniCredit's move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger could spur more acquisitions and shake up the European banking sector. Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Berlin has been a majo ...

UniCredit's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. "All the ...

Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. Commerzbank stock was up 17.5% at 9:37 a.m. London time. The stake acquisition marks the first step in Berlin's exit from its position in the German lender. The German government said it had sold around 53.1 million shares — or a roughly 4.49% tranche out of its 16.49% total shareholding — in Commerzbank for roughly 702 million euros ($775 millio ...

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Commerzbank AG (OTCPK:CRZBF) Q2 2024 Results Conference Call August 7, 2024 3:00 AM ET Company Participants | --- | |------------------------------------------------------------------------------| | | | | | Manfred Knof - CEO | | Bettina Orlopp - CFO | | Conference Call Participants | | Benjamin Goy - Deutsche Bank | | Johannes Thormann - HSBC | | Kian Abouhossein - JPMorgan | | Chris Hallam - Goldman Sachs International Tobias Lukesch - Kepler Cheuvreux | | Vishal Shah - Morgan Stanley | | Stefan Stalmann ...

Commerzbank (OTCPK:CRZBF) has reported an improved operating performance over the past couple of years, but this trend seems to be over as the European Central Bank has recently started to cut rates in Europe. As I've analyzed in previous articles, Commerzbank trades at one of the lowest valuation multiples within the European banking sector, measured by its discounted price-to-book value (P/BV) multiple, but this seems to be justified by the bank's lower structural profitability compared to peers. Despite ...