Commerzbank AG (OTCPK:CRZBF)

$ 15.05 -2.95 (-16.39%) Market Cap: 18.17 Bil Enterprise Value: -26.03 Bil PE Ratio: 7.78 PB Ratio: 0.47 GF Score: 59/100

Q3 2024 Commerzbank AG Earnings Call Transcript
Nov 06, 2024

$18

Earnings
Q2 2024 Commerzbank AG Earnings Call Transcript
Aug 07, 2024

$16.33

Earnings
Q1 2024 Commerzbank AG Earnings Call Transcript
May 15, 2024

$15

Earnings
Commerzbank AG at Morgan Stanley European Financials Conference Transcript
Mar 14, 2024
Q4 2023 Commerzbank AG Earnings Call Transcript
Feb 15, 2024

$11.1

Earnings
Commerzbank AG Capital Markets Day Transcript
Nov 08, 2023
Q3 2023 Commerzbank AG Earnings Call Transcript
Nov 08, 2023

$11.09 (+1.06%)

Earnings
Commerzbank AG at Bank of America Annual Financials CEO Conference Transcript
Sep 19, 2023
Q2 2023 Commerzbank AG Earnings Call Transcript
Aug 04, 2023

$11.9 (+0.76%)

Earnings
Commerzbank AG at Goldman Sachs European Financials Conference Transcript
Jun 15, 2023
Q1 2023 Commerzbank AG Earnings Call Transcript
May 17, 2023

$11.58

Earnings
Commerzbank AG Presents at Morgan Stanley European Financials Conference 2023, Mar-15-2023 03:00 PM Transcript
Mar 15, 2023
Q4 2022 Commerzbank AG Earnings call Transcript
Feb 16, 2023

$12.1 (+9.90%)

Earnings
Q3 2022 Commerzbank AG Earnings Call Transcript
Nov 09, 2022

$8.24

Earnings
Commerzbank AG at Bank of America Banking & Insurance CEO Conference Transcript
Sep 20, 2022
Q2 2022 Commerzbank AG Earnings Call Transcript
Aug 03, 2022

$7

Earnings
Q1 2022 Commerzbank AG Earnings Call Transcript
May 12, 2022

$6.32

Earnings
Commerzbank AG Capital Markets Day Transcript
Mar 01, 2022
Q4 2021 Commerzbank AG Earnings Call Transcript
Feb 17, 2022

$9.64

Earnings
Q3 2021 Commerzbank AG Earnings Call Transcript
Nov 04, 2021

$7.68 (+3.35%)

Earnings
Commerzbank AG at Bank of America Financials CEO Virtual Conference Transcript
Sep 21, 2021
Q2 2021 Commerzbank AG Earnings Call Transcript
Aug 04, 2021

$6.48

Earnings
Commerzbank AG at Deutsche Bank Global Financial Services and FinTech / Info Services Conference (Virtual) Transcript
Jun 01, 2021
Q1 2021 Commerzbank AG Earnings Call Transcript
May 12, 2021

$7.53 (+7.96%)

Earnings
Commerzbank AG Capital Markets Day Transcript
Feb 11, 2021
Q4 2020 Commerzbank AG Earnings Press Conference Transcript
Feb 11, 2021
Q3 2020 Commerzbank AG Earnings Call Transcript
Nov 05, 2020

$4.72 (-5.31%)

Earnings
Commerzbank AG at Bank of America Merrill Lynch Financials CEO Conference (Virtual) Transcript
Sep 22, 2020
Q2 2020 Commerzbank AG Earnings Call Transcript
Aug 05, 2020

$5.71 (+8.56%)

Earnings
Commerzbank AG at Goldman Sachs European Financials Conference (Virtual) Transcript
Jun 11, 2020
Commerzbank AG at Deutsche Bank Global Financial Services Conference (Virtual) Transcript
May 27, 2020
Q1 2020 Commerzbank AG Earnings Call Transcript
May 13, 2020

$3.61

Earnings
Commerzbank AG at Morgan Stanley European Financials Conference Transcript
Mar 19, 2020
Q4 2019 Commerzbank AG Earnings Call Transcript
Feb 13, 2020

$6.83 (+10.16%)

Earnings
Q3 2019 Commerzbank AG Earnings Call Transcript
Nov 07, 2019

$6.32

Earnings
Commerzbank AG Capital Markets Day Transcript
Sep 27, 2019
Q2 2019 Commerzbank AG Earnings Call Transcript
Aug 07, 2019

$5.98 (-6.42%)

Earnings
Q1 2019 Commerzbank AG Earnings Call Transcript
May 08, 2019

$8.94

Earnings
Commerzbank AG and Deutsche Bank Discontinue Discussions About Merger Transcript
Apr 25, 2019
Q4 2018 Commerzbank AG Earnings Call Transcript
Feb 14, 2019

$7.04 (-0.14%)

Earnings

Q1 2024 Commerzbank AG Earnings Call Transcript

May 15, 2024 / 07:00AM GMT

Release Date Price: $15

Transcript

Operator

Hello, and welcome to the Commerzbank AG Conference Call regarding the first quarter results 2024. (Operator Instructions) The floor will be open for questions following Bettina Orlopp's and Manfred Knof's presentation.

Let me now turn the floor over to our CEO, Manfred Knof.

Manfred Knof

Commerzbank AG - Chairman of the Board of MD & CEO

Good morning, and welcome to our conference call. We are looking forward to present and discuss our performance of the first quarter. We had a strong start in 2024. The first quarter with its record result clearly supports our equity story. Our earnings power has significantly improved. Both client segments effectively managed the rates environment and successfully developed their fee business.

The good development of our revenue base is the foundation of our strong net result of EUR 747 million. This translates into a healthy return on tangible equity of 10.5%. Obviously, the double-digit return in Q1 is seasonally supported by high client activity and low risk provisions, but it also includes a burden

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