Commerzbank

Scope has confirmed Commerzbank’s issuer rating at A with a stable outlook, citing the bank’s solid operating performance as well as its strong solvency and refinancing profile. The agency now regards a takeover by Unicredit as very likely, but sees no immediate impact on the credit assessment. » Plus sur finanzen.net

Verdi has called nationwide warning strikes for around 150,000 employees in the private banking sector to put pressure ahead of the second round of collective bargaining on 2 November. Full-day actions are announced in Hamburg that will also affect Commerzbank branches. The union is demanding a 6% pay rise, €300 monthly for junior staff, rules on the use of AI, as well as binding employment and training safeguards; employers reject the demands as excessive and expect only limited operational impact. On the markets, Commerzbank shares traded slightly weaker at around €35.80. » Plus sur finanzen.net

The Commerzbank share closed at €35.86, breaking the 200-day line at €36.18 and signaling further short-term downward pressure. Barclays slightly cut its price target from €42 to €41 and downgraded its recommendation from “Overweight” to “Equal Weight”, citing pressure from net interest income and competition for deposits. Analysts are divided (8 buy, 9 hold, 2 sell); the average price target is €43.39, implying roughly 22% upside, but the situation remains volatile in the short term. » Plus sur deraktionaer.de