Commerzbank (CRZBY) Set to Announce Earnings on Thursday

Key Points

• Commerzbank is scheduled to report earnings before the market opens on Thursday, November 5. Analysts expect quarterly earnings of $0.872 per share and revenue of approximately $3.69 billion.
• Shares opened at $42.15, with a 52-week range of $33.63 to $50.16. The bank has a market capitalization of about $44.25 billion and a price-to-earnings ratio of 13.87.
• Recent analyst sentiment has softened, with RBC and Deutsche Bank downgrading the stock to “Hold” and Citigroup maintaining a “Neutral” rating. Overall, Commerzbank carries a “Moderate Buy” consensus rating.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) is expected to be issuing its results before the market opens on Thursday, November 5th. Analysts expect Commerzbank to announce earnings of $0.8720 per share and revenue of $3.69 billion for the quarter.

Commerzbank Price Performance

Shares of OTCMKTS:CRZBY opened at $42.15 on Thursday. Commerzbank has a 1-year low of $33.63 and a 1-year high of $50.16. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. The business has a fifty day moving average price of $45.36 and a 200-day moving average price of $42.29. The company has a market capitalization of $44.25 billion, a PE ratio of 13.87 and a beta of 0.60.

Analyst Ratings Changes

CRZBY has been the topic of a number of analyst reports. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a research note on Monday, September 28th. Royal Bank Of Canada lowered shares of Commerzbank from a "moderate buy" rating to a "hold" rating in a research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Commerzbank from a "buy" rating to a "hold" rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Commerzbank currently has an average rating of "Moderate Buy".

About Commerzbank

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank's services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.

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