Commerzbank

Bettina Orlopp is likely to lose her position as Commerzbank CEO soon after progress in takeover talks with Unicredit. Unicredit is said to see Michael Diederich as its preferred successor, but Stefan Barth, Stefan Ermisch, Jörg Frischholz and Marion Höllinger are also being mentioned. All candidates bring restructuring experience; they differ in age, familiarity with Unicredit and political or works-council acceptability. A formal board change would only be possible via an extraordinary general meeting, which could further escalate the situation. » Więcej na wiwo.de

RBC lowers the price target for Commerzbank from 43 to 40 euros and downgrades the stock from "Outperform" to "Sector Perform". Analyst Anke Reingen slightly raised her estimates, but higher equity costs and uncertainty due to Unicredit plans led to a lower target. The shares fell in XETRA trading by about 1.9 percent at times. » Więcej na finanzen.net

The Commerzbank share slid about 3.7 percent as the DAX laggard to its lowest level since early September and fell well below the 21-day line. Benjamin Goy from Deutsche Bank’s research team withdrew the buy recommendation, citing largely priced-in price drivers and increased uncertainty about future strategy in light of the takeover by UniCredit. Goy sees better opportunities in the sector than at Commerzbank and names ING as one of his top picks. » Więcej na finanzen.net