Commerzbank's Stock Has Considerable Upside if UniCredit Takes Over -- Market Talk

Dow Jones11-18

0908 GMT - Commerzbank's share price could rise 35% if merges with UniCredit, but the stock could lose 20% in a no-deal scenario, Keefe, Bruyette & Woods say in a research note. Shares could be under material pressure if the Italian lender walks away as the M&A premium fades, analysts Thomas Hallett and Hugo Cruz write. "While there is mild potential upside for CBK on a standalone basis, shareholders would be better rewarded over time under the UCG umbrella, " they write, noting the far superior returns of UniCredit's German arm HypoVereinsbank. This view is supported by a challenging 2025 outlook for the German bank, they add. Analysts expect UniCredit to make a decision after Commerzbank's capital markets day and the German federal elections, both in February. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

November 18, 2024 04:08 ET (09:08 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484643001?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-18 17:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484643001","market":"sh","top_or_hot":-1,"title":"Commerzbank's Stock Has Considerable Upside if UniCredit Takes Over -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0908 GMT - Commerzbank's share price could rise 35% if merges with UniCredit, but the stock could lose 20% in a no-deal scenario, Keefe, Bruyette &amp; Woods say in a research note. Shares could be under material pressure if the Italian lender walks away as the M&amp;A premium fades, analysts Thomas Hallett and Hugo Cruz write. \"While there is mild potential upside for CBK on a standalone basis, shareholders would be better rewarded over time under the UCG umbrella, \" they write, noting the far superior returns of UniCredit's German arm HypoVereinsbank. This view is supported by a challenging 2025 outlook for the German bank, they add. Analysts expect UniCredit to make a decision after Commerzbank's capital markets day and the German federal elections, both in February. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 04:08 ET (09:08 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Commerzbank's Stock Has Considerable Upside if UniCredit Takes Over -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCommerzbank's Stock Has Considerable Upside if UniCredit Takes Over -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0908 GMT - Commerzbank's share price could rise 35% if merges with UniCredit, but the stock could lose 20% in a no-deal scenario, Keefe, Bruyette & Woods say in a research note. Shares could be under ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRZBY","symbol_name":"Commerzbank AG","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484643001","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484643001","pubTimestamp":1731920880,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0908 GMT - Commerzbank's share price could rise 35% if merges with UniCredit, but the stock could lose 20% in a no-deal scenario, Keefe, Bruyette & Woods say in a research note. Shares could be under material pressure if the Italian lender walks away as the M&A premium fades, analysts Thomas Hallett and Hugo Cruz write. \"While there is mild potential upside for CBK on a standalone basis, shareholders would be better rewarded over time under the UCG umbrella, \" they write, noting the far superior returns of UniCredit's German arm HypoVereinsbank. This view is supported by a challenging 2025 outlook for the German bank, they add. Analysts expect UniCredit to make a decision after Commerzbank's capital markets day and the German federal elections, both in February. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRZBY":"Commerzbank AG","UNCFF":"UniCredito Spa","BK4207":"综合性银行"},"translate_title":"如果联合信贷银行接管，德国商业银行的股价将有相当大的上涨空间——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRZBY":0.9,"UNCFF":0.9},"content_text":"0908 GMT - Commerzbank's share price could rise 35% if merges with UniCredit, but the stock could lose 20% in a no-deal scenario, Keefe, Bruyette & Woods say in a research note. Shares could be under material pressure if the Italian lender walks away as the M&A premium fades, analysts Thomas Hallett and Hugo Cruz write. \"While there is mild potential upside for CBK on a standalone basis, shareholders would be better rewarded over time under the UCG umbrella, \" they write, noting the far superior returns of UniCredit's German arm HypoVereinsbank. This view is supported by a challenging 2025 outlook for the German bank, they add. Analysts expect UniCredit to make a decision after Commerzbank's capital markets day and the German federal elections, both in February. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2024 04:08 ET (09:08 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484643001"}