Commerzbank (CRZBY) Projected to Post Quarterly Earnings on Wednesday

Commerzbank (OTCMKTS:CRZBY) is expected to announce its results before the market opens on Wednesday, March 25th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $3.6084 billion for the quarter.

Commerzbank Price Performance

Commerzbank stock opened at $34.94 on Monday. Commerzbank has a 1-year low of $21.80 and a 1-year high of $44.85. The business has a fifty day moving average price of $39.64 and a 200-day moving average price of $38.97. The stock has a market capitalization of $39.39 billion, a price-to-earnings ratio of 15.39 and a beta of 0.37.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Zacks Research upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Commerzbank presently has a consensus rating of “Moderate Buy”.

About Commerzbank

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.