Commerzbank AG logo Commerzbank AG (ETR: CBK)'s stock had its �sell� rating reiterated by investment analysts at Independent Research GmbH in a note issued to investors on Friday, StockRatingsNetwork reports.
In the first quarter of 2013 Commerzbank attained an operating profit of EUR 469 million (Q4 2012: minus EUR 40 million). The reasons for the increase over the previous quarter were higher revenues, lower loan loss provisions, as well as lower costs.
Frankfurt am Main, April 23, 2013 -- Moody's Investors Service has today downgraded by one notch the long-term senior debt and deposit ratings of Commerzbank AG (Commerzbank) to Baa1 from A3 negative, and those of Commerzbank International S.A.
Commerzbank is dropping its efforts to fight a ruling that forces it to pay 104 London-based bankers around 52 million euros (43.7 million pounds) in bonuses, plus costs, after losing a high-profile appeal.
Commerzbank, Germany's second-largest lender, on Friday lost a high-profile appeal against a UK court ruling that forces it to pay 104 London-based bankers around 52 million euros in bonuses, plus costs.
Shares of Commerzbank AG (ETR: CBK) traded down 4.04% during mid-day trading on Tuesday, hitting �7.456. Commerzbank AG has a one year low of �6.8061 and a one year high of �13.0737. The stock's 50-day moving average is currently �1.43.
Commerzbank AG (>> Commerzbank AG) will start its 2.5 billion euro (2.0 billion pounds) share sale this week, offering a hefty discount in a move designed to help repay state aid, two people familiar with the transaction told Reuters.