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
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Q3 2024 Commerzbank AG Earnings Call Transcript

Nov 06, 2024 / 08:00AM GMT
Release Date Price: $18
Operator

Hello, and welcome to the Commerzbank AG conference call regarding the third-quarter results 2024. Please note that this call is being transmitted as well as recorded by audio webcast and will subsequently be made available for replay in the Internet.

(Operator Instructions) Let me now turn the floor over to our CEO, Bettina Orlopp.

Bettina Orlopp
Commerzbank AG - Deputy Chairwoman of the Board of Managing Directors, Chief Financial Officer

Good morning and warm welcome to our earnings call for the third quarter 2024. I'm pleased to present our very good Q3 results and share with you our view going forward. Overall, we are delivering ahead of plan and have improved our guidance for the full year 2024. This confirms my positive view on Commerzbank, also in my new role as CEO.

When I took over the position as CEO, I discussed and evaluated the recent developments with my management team, and our priorities are very clear. First, execution of our strategy 2027. Every quarter, we have to perform and to deliver towards our targets. Everybody in

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