Commerzbank AG is one of the leading banks in Germany. In 2019, it was the second biggest German bank based on the overall value of its balance sheet. It has approximately 13 million customers in Germany alone, with a further five million customers elsewhere in central and eastern Europe.
Commerzbank was established in February 1870 by a group of merchant and private bankers and Hanseatic merchants in Hamburg. It is now the number-one bank for the German Mittelstand. It has partnerships with 11 million small business clients in Germany alone, with 28,000 corporate clients in total. In 2021, its gross revenues totalled €8.5 billion. Commerzbank AG has a subsidiary in Poland, mBank S.A., which provides banking to digital natives in Poland, Slovakia and the Czech Republic.
The Commerzbank (ETR: CBK) share price is actually down over 91% historically from the mid-1990s through to December 2022. Its ‘boom’ period was around the turn of the new millennium when the price of Commerzbank stock reached an all-time high of €253. It plunged badly in 2002, falling to lows of 35.47 (EUR) by March 2003.
Commerzbank stock recovered well to €216 by June 2007, however, the onset of the global financial crisis in 2008 saw its value plummet to just over €13 by March 2009. In truth, the Commerzbank share price has never recovered since the 2008 global recession. With the European Central Bank (ECB) increasing the EU’s base rate of interest, German banks like Commerzbank have raised their revenue outlooks for 2024 by as much as $1 billion due largely to rising interest rates. With hefty corporate and retail divisions, Commerzbank stands to benefit more than most from rate hikes.
Deutsche Bank is the natural competitor of Commerzbank AG. Deutsche Bank was founded in the same year as Commerzbank and also delivers financial services to commercial, private and retail clients throughout Germany and beyond. It has a global employee base, with almost double the size of the workforce than Commerzbank.
Dutch bank ING Group is one of the newer banking kids on the block, founded in 1991. This Amsterdam-based firm also leads the way in next-generation financial services, including fintech. Meanwhile, HSBC is another commercial banking giant that currently puts Commerzbank in its shadow, based on its company valuation that’s ten-fold the size of Commerzbank. It also has a global workforce that’s more than four times that of Commerzbank.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
What are the key drivers affecting Commerzbank AG's stock price?
The key drivers affecting Commerzbank AG's stock price are influenced by various factors. First, the ownership structure plays a role, with both individual investors and institutions holding the shares. Additionally, the bank's financial performance, including net profit, interest rates, and fee business, could impact the stock price positively or negatively.
Market forces, such as fluctuations and volatility, could also influence buying and selling decisions. News and events, such as share sales or regulatory actions, may have an impact as well. It's important to monitor these drivers and stay updated on company news, financial indicators, and market conditions to assess Commerzbank AG's stock price movement accurately.
Who are the majority shareholders of Commerzbank AG?
The majority shareholders of Commerzbank AG include both institutional and mutual fund holders. As of June 30 2023, the top institutional holders are Pacer Advisors, Inc. with 8,132 shares, and Paradigm Asset Management Company, LLC with 7,667 shares.
Among the top mutual fund holders, Vanguard International Stock Index-Total Intl Stock Index holds 13,727,703 shares, Vanguard Tax-Managed Fund-Vanguard Developed Markets Index Fund holds 8,232,704 shares, and iShares Core MSCI EAFE ETF holds 5,731,043 shares. It's important to note that the ownership structure may change over time and it is recommended to refer to the latest reports for the most up-to-date information.
How can I analyze the technical indicators and chart patterns for trading Commerzbank AG stock?
To analyze technical indicators and chart patterns for trading Commerzbank AG CFDs, you could utilize various tools and methods. Common technical indicators like Relative Strength Index (RSI), and Bollinger Bands could help to understand price trends and potential reversal points. Additionally, study chart patterns such as support and resistance levels, trendlines, and candlestick patterns like bullish/bearish engulfing or hammer/shooting star.
Monitoring volume and price action is also crucial. Combining these indicators and patterns could help form a comprehensive analysis that helps identify entry and exit points. Remember to consider other factors like news events and market sentiment alongside technical analysis.
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