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Commerzbank
(XETRA:CBK)
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Rating:65Neutral
Price Target:
€46.00
▲(15.52% Upside)
Action:Reiterated
Date:07/12/26
The score is driven primarily by improved profitability versus 2020 but tempered by revenue and cash-flow volatility and a higher recent leverage profile. Technicals are a secondary positive, with the stock above major moving averages and supported by positive momentum indicators. Valuation is neutral-to-slightly supportive with a moderate P/E and a modest dividend yield.
Positive Factors
Profitability Recovery
The sustained return to profitability across 2022–2025 indicates a materially stronger earnings base than in 2020. Continued positive net income improves internal capital generation, supports resilience, and gives Commerzbank greater capacity to invest in its retail and corporate franchises.
Negative Factors
Sharp Revenue Decline
The pronounced 2025 revenue contraction raises questions about the stability and comparability of Commerzbank’s earnings base. A weaker top line can limit operating leverage, reduce flexibility for investment, and make future profitability more dependent on favorable mix or non-recurring influences.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The sustained return to profitability across 2022–2025 indicates a materially stronger earnings base than in 2020. Continued positive net income improves internal capital generation, supports resilience, and gives Commerzbank greater capacity to invest in its retail and corporate franchises.
Read all positive factors
Commerzbank (CBK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€43.57B
Dividend Yield2.79%
Average Volume (3M)2.34M
Price to Earnings (P/E)14.0
Beta (1Y)0.79
Revenue Growth-2.63%
EPS Growth20.12%
CountryDE
Employees40,110
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.81
Shares Outstanding1,080,847,000
10 Day Avg. Volume2,472,708
30 Day Avg. Volume2,342,258
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)1.20
Price to Sales (P/S)3.66
P/FCF Ratio0.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€40.52Price Target Upside1.75% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)3.15
Revenue Forecast (FY)€13.32B
Commerzbank Business Overview & Revenue Model
Company Description
Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally...
How the Company Makes Money
Commerzbank makes money primarily by earning income from interest-bearing activities and from fees and commissions tied to client services.
1) Net interest income (core earnings driver)
- Lending: The bank provides loans to retail customers (e.g....
Commerzbank Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.57B | 11.13B | 25.25B | 21.71B | 14.26B | 12.06B |
| Gross Profit | 11.98B | 10.41B | 12.36B | 11.81B | 10.39B | 9.64B |
| EBITDA | 4.81B | 3.95B | 4.64B | 4.17B | 2.82B | 980.00M |
| Net Income | 3.14B | 2.62B | 2.68B | 2.22B | 1.44B | 430.00M |
Balance Sheet | ||||||
| Total Assets | 619.06B | 603.53B | 554.65B | 517.17B | 477.44B | 467.41B |
| Cash, Cash Equivalents and Short-Term Investments | 58.96B | 98.00B | 89.72B | 102.69B | 86.65B | 60.21B |
| Total Debt | 3.51B | 142.71B | 54.89B | 109.23B | 43.77B | 43.84B |
| Total Liabilities | 583.63B | 568.17B | 518.93B | 484.16B | 446.50B | 437.58B |
| Stockholders Equity | 33.77B | 33.83B | 34.47B | 31.99B | 30.02B | 28.85B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 50.63B | -21.46B | 19.28B | 25.18B | -25.23B |
| Operating Cash Flow | 0.00 | 51.77B | -20.32B | 20.28B | 25.86B | -24.26B |
| Investing Cash Flow | 0.00 | -59.50B | -1.31B | -920.00M | -713.00M | -804.00M |
| Financing Cash Flow | 0.00 | -3.47B | 565.00M | -1.29B | 178.00M | -1.21B |
Commerzbank Technical Analysis
Neutral
39.82
Price Trends
40.19
Negative
38.68
Positive
35.93
Positive
Market Momentum
0.12
Positive
39.57
Neutral
23.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CBK, the sentiment is Neutral. The current price of 39.82 is below the 20-day moving average (MA) of 41.77, below the 50-day MA of 40.19, and above the 200-day MA of 35.93, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 39.57 is Neutral, neither overbought nor oversold. The STOCH value of 23.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:CBK.
Commerzbank Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €59.69B | 8.19 | 10.23% | 3.22% | -3.35% | 8.37% | |
71 Outperform | €520.07M | 6.84 | 6.97% | 5.37% | 5.93% | -20.09% | |
65 Neutral | €43.57B | 14.02 | 9.51% | 2.79% | -2.63% | 20.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €143.23M | -246.76 | -0.13% | 2.92% | ― | ― |
* General Sector Average
DE:CBK
Commerzbank
39.15
8.01
25.73%
DE:DBK
Deutsche Bank AG
30.94
1.73
5.93%
DE:PCZ
ProCredit Holding AG
8.59
-0.31
-3.46%
DE:QB7
Quirin Privatbank AG
2.98
-0.48
-14.00%
DE:UBK
UmweltBank AG
3.45
-0.40
-10.41%
DE:MBK
MERKUR PRIVATBANK KGaA
11.70
-8.20
-41.21%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.