Stock Analysis
Commerzbank (ETR:CBK) Full Year 2023 Results
Key Financial Results
- Revenue: €9.92b (up 14% from FY 2022).
- Net income: €2.03b (up 63% from FY 2022).
- Profit margin: 21% (up from 14% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: €1.63 (up from €0.99 in FY 2022).
CBK Banking Performance Indicators
- Cost-to-income ratio: 57.4% (down from 61.8% in FY 2022).
- Non-performing loans: 1.76% (down from 2.09% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Commerzbank Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 3.0%.
Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe.
Performance of the market in Germany.
The company's shares are up 6.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Commerzbank you should be aware of.
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About XTRA:CBK
Commerzbank
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.
Solid track record with excellent balance sheet.