According to Zacks, “COMMERZBANK AG is involved in the Financial Services Industry. Their principal activities are the provision of banking services, operating through the following divisions: Group management and Services, Domestic Branch Banking, International Finance, and Investment Banking. “
A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Commerzbank in a research note on Friday, July 5th. ValuEngine upgraded Commerzbank from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold”.
Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. Commerzbank had a return on equity of 2.54% and a net margin of 6.11%. The company had revenue of $2.47 billion for the quarter. Analysts anticipate that Commerzbank will post 0.75 EPS for the current year.
A hedge fund recently raised its stake in Commerzbank stock. Parametric Portfolio Associates LLC boosted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,181,668 shares of the financial services provider’s stock after acquiring an additional 22,530 shares during the period. Parametric Portfolio Associates LLC owned 0.17% of Commerzbank worth $15,529,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.18% of the company’s stock.
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.
Recommended Story: What is the price-sales ratio?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.