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Commerzbank


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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead Nov 1 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 05-Nov-2024 06:00 ZALG.DE Zalando SE Q3 2024 Zalando SE Earnings Release 05-Nov-2024 06:00 DHLn.DE Deutsche Post AG Q3 2024 Deutsche Post AG Earnings Release 06-Nov-2024 NTS VNAn.DE Vonovia SE Q3 2024 Vonovia SE Earnings Release 06-Nov-2024 BMO CBKG.DE Commerzbank AG Q3 2024 Commerzbank AG Earnings Re
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Fitch lifts UniCredit's rating to plus, one notch above Italy's

Fitch lifts UniCredit's rating to BBB-plus, one notch above Italy's By Valentina Za MILAN, Oct 31 (Reuters) - Fitch Ratings on Thursday increased its long-term rating on UniCredit's CRDI.MI debt to BBB-plus, one notch above Italy's sovereign level, in a move that reflects the bank's restructuring progress and geographical diversification. With a strong presence in Germany and Austria and operations across 13 countries, UniCredit has traditionally sought to leverage the strength deriving from its
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Italy's Intesa eyes 'substantial' share buyback, ups 2025 profit goal

UPDATE 2-Italy's Intesa eyes 'substantial' share buyback, ups 2025 profit goal Adds comments from conference call in paragraphs 3-4 By Valentina Za MILAN, Oct 31 (Reuters) - Italy's biggest bank Intesa Sanpaolo ISP.MI on Thursday promised to add a sizeable share buyback to dividend payments on its 2024 results, after it beat expectations with its third-quarter profit and upgraded its guidance for next year.
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Italian banks would benefit from EU consolidation, ECB's Panetta says

Italian banks would benefit from EU consolidation, ECB's Panetta says ROME, Oct 31 (Reuters) - The resilience of Italian banks would benefit from greater integration at the EU level, European Central Bank policymaker Fabio Panetta said on Thursday, indirectly blessing UniCredit's CRDI.MI efforts to merge with Germany's Commerzbank CBKG.DE . Europe-wide M&A deals "would allow (lenders) to operate in more countries, diversifying risks and strengthening the offering of services to households and bu
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Poland's mBank expects Swiss franc loan costs to largely subside by end-2025

UPDATE 2-Poland's mBank expects Swiss franc loan costs to largely subside by end-2025 Recasts and adds additional background information, deputy CEO comments By Rafal Wojciech Nowak GDANSK, Oct 31 (Reuters) - Commerzbank's CBKG.DE Polish unit mBank MBK.WA expects costs of legal risk related to Swiss franc loans to largely subside by the end of 2025, Deputy CEO Marek Lusztyn said on Thursday.
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Poland's mBank returns to Q3 profit on lower costs, higher interest income

Poland's mBank returns to Q3 profit on lower costs, higher interest income GDANSK, Oct 31 (Reuters) - Commerzbank's CBKG.DE Polish unit mBank MBK.WA on Thursday reported a profit for the third quarter, after a loss last year, supported by lower costs of legal risk related to foreign currency (FX) loans and higher net interest income. Its net profit was 572.9 million zlotys ($142.8 million) in the quarter, compared with a loss of 83 million zlotys a year earlier.
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Commerzbank's future is up to its board and management, German minister says

Commerzbank's future is up to its board and management, German minister says FRANKFURT, Oct 30 (Reuters) - Commerzbank's management and supervisory board is responsible for deciding the lender's next steps after Italian rival Unicredit became its largest private shareholder, German Finance Minister Christian Lindner said on Wednesday. The German government holds a 12% stake in the country's second-largest lender and has faced calls to act on Unicredit's enlarged holding in the bank.
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Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say

REFILE-Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say Refiles to fix wording in headline Rome must cut MPS stake to show EU it doesn't control bank Italy rescued MPS in 2017, wants strategic buyer for stake sale No active talks with merger candidates Banco BPM, BPER Banco BPM remains favoured option for government By Valentina Za, Giuseppe Fonte MILAN, Oct 30 (Reuters) - Italy is struggling to find a "strategic" buyer for its stake in lender Monte de
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Commerzbank's mBank seen returning to profit in Q3

REUTERS POLL-Commerzbank's mBank seen returning to profit in Q3 mBank results due Oct 31 Lender's net profit seen at 476 mln zlotys, supported by lower costs and higher net interest income, analysts say GDANSK, Oct 30 (Reuters) - Commerzbank's CBKG.DE Polish unit MBK.WA is expected to post a third quarter net profit of 476 million zlotys ($118.7 million) due to lower costs of legal risk related to foreign currency loans and higher net interest income, a Reuters poll showed on Wednesday.
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Clariant, M6, Ucb

EUROPE RESEARCH ROUNDUP-Clariant, M6, Ucb Oct 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Clariant, M6, and Ucb, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : Deutsche Bank raises target price to EUR 275 from EUR 270 * Clariant AG CLN.S : JP Morgan cuts target price to CHF 14 from CHF 15 * M6 MMTP.PA : JP Morgan cuts target price to EUR 13.1 from EUR 13.7 * Nel ASA NEL.OL : Morgan Stanley cuts to underweight from equal wei
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Europe's banking union is crucial for merger push, says German banks group head

Europe's banking union is crucial for merger push, says German banks group head ECB says bigger banks better support the economy Progress on union would encourage consolidation, CEO says Also calls for advances on capital markets union By Maria Martinez WASHINGTON, Oct 28 (Reuters) - Progress on European banking union is vital to policymakers' push to encourage cross-border mergers because banks will only be able to leverage synergies if there is a common market for their services, the head of G
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UniCredit Italian shareholder Cariverona confirms support for Commerzbank move

UniCredit Italian shareholder Cariverona confirms support for Commerzbank move MILAN, Oct 28 (Reuters) - Fondazione Cariverona, a major Italian shareholder in UniCredit CRDI.MI , confirmed its support for the bank's management in regards to Commerzbank CBKG.DE , its chairman said on Monday. UniCredit has upset officials in Germany by becoming the biggest private investor in Commerzbank and preparing the ground to potentially become its single biggest shareholder, leapfrogging the Berlin governme
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Commerzbank - David Elliott Shaw Holds Instruments Representing 5.04% Of Total Voting Rights And Instruments In Commerzbank AG As Of 18.10.2024

BRIEF-Commerzbank - David Elliott Shaw Holds Instruments Representing 5.04% Of Total Voting Rights And Instruments In Commerzbank AG As Of 18.10.2024 Oct 28 (Reuters) - Commerzbank AG CBKG.DE : DAVID ELLIOTT SHAW HOLDS INSTRUMENTS REPRESENTING 5.04% OF TOTAL VOTING RIGHTS AND INSTRUMENTS IN COMMERZBANK AG AS OF 18.10.2024 Source text: ID:nEQ1rd6Ba
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Italy - Factors to watch on October 28

Italy - Factors to watch on October 28 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT Ratings agency DBRS revised on Friday its trend on Italy to 'positive' from 'stable', citing recent improvements in the country's fiscal path, in a boost to Prime Minister Giorgia Meloni's government.
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Euro zone governments should not interfere with bank consolidation, bank execs say

Euro zone governments should not interfere with bank consolidation, bank execs say WASHINGTON, Oct 25 (Reuters) - European Union governments should refrain from interfering with banking consolidation, which the bloc needs to compete with other major economies, two senior bank executives said on Friday. The challenge of closer financial integration has taken fresh relevance in the euro zone after Italy's UniCredit CRDI.MI last month unveiled a stake in Commerzbank CBKG.DE and said it would consid
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"A Hostile Takeover Was Never Our Goal", Unicredit board member tells F.A.S. on Commerzbank

BRIEF-"A Hostile Takeover Was Never Our Goal", Unicredit board member tells F.A.S. on Commerzbank Oct 25 (Reuters) - Commerzbank AG CBKG.DE : UNICREDIT BOARD MEMBER HOELLINGER TELLS FAS ON COMMERZBANK: WE BELIEVE WE CAN CREATE MUCH MORE VALUE TOGETHER UNICREDIT BOARD MEMBER HOELLINGER TELLS FAS ON COMMERZBANK: A HOSTILE TAKEOVER WAS NEVER OUR GOAL
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Commerzbank CEO focused on standalone strategy amid UniCredit interest

UPDATE 2-Commerzbank CEO focused on standalone strategy amid UniCredit interest Updates with quotes from German UniCredit executive in paragraphs 9-11 WASHINGTON, Oct 25 (Reuters) - Commerzbank CBKG.DE CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy, reiterating her stance as Italy's UniCredit CRDI.MI expresses interest in a possible tie-up.
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Commerzbank CEO focused on standalone strategy amid UniCredit interest

Commerzbank CEO focused on standalone strategy amid UniCredit interest WASHINGTON, Oct 25 (Reuters) - Commerzbank CBKG.DE CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy, reiterating her stance as Italy's UniCredit CRDI.MI expresses interest in a possible tie-up. "We really focus on us, on our standalone strategy," Orlopp said at a financial conference in Washington.
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Megacap earnings loom, Japan decides, gilts wobble

MORNING BID AMERICAS-Megacap earnings loom, Japan decides, gilts wobble A look at the day ahead in U.S. and global markets from Mike Dolan Tesla's 20%-plus stock surge whets investor appetites for next week's earnings from most of the rest of the "Magnificent 7" of U.S. megacaps - with overseas markets keeping close tabs on weekend elections in Japan and next week's UK budget .
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Jefferies holds 5.3% stake in Commerzbank through derivatives

Jefferies holds 5.3% stake in Commerzbank through derivatives FRANKFURT, Oct 25 (Reuters) - Jefferies has a 5.3% stake in Commerzbank CBKG.DE though derivatives, a regulatory filing on Friday showed. The disclosure comes after Reuters and others reported this week that UniCredit CRDI.MI has further hedged potential downside risks on its stake in Co
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