Commerzbank AG (LTS:0RLW)
€ 14.445 0.1825 (1.28%) Market Cap: 17.21 Bil Enterprise Value: -24.71 Bil PE Ratio: 8.18 PB Ratio: 0.52 GF Score: 62/100
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Q3 2023 Commerzbank AG Earnings Call Transcript

Nov 08, 2023 / 08:00AM GMT
Release Date Price: €10.52 (+1.89%)
Operator

Hello, and welcome to the Commerzbank AG conference call regarding the third quarter results 2023. Please note that this call is being transmitted as well as recorded by audio webcast and will be subsequently made available for replay in the Internet. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following Bettina Alok's presentation. Let me now turn the floor over to our CFO, Bettina Orlopp.

Bettina Orlopp
Commerzbank AG - CFO, Head of Tax, IR, Treasury & Deputy Chairwoman of the Board of MD

Good morning, and welcome to our earnings call for the third quarter of 2023. I would like to focus on the quarter and the outlook for 2023 in this call. In our capital markets update later today, we will cover the longer-term plans and outlook.

The results of the quarter speak for themselves. It has again been an excellent quarter. Let me start with the year-to-date financials before going into more detail on the quarter. The operating result reached nearly EUR 2.9 billion and the net result, EUR

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