Commerzbank: kaput?

A dire year for the German banking sector and, in particular, Commerzbank is showing no signs of improvement. Whilst an outright default is still a long way off, there are doubts over whether Commerzbank will post a profit this year, which could trigger a suspension of interest payments

Guido Versondert
Barclays Capital

What are your chances when you try to catch a falling knife? Looking at Commerzbank (A1 negative/A- negative/A negative), we fear that, in the short term, investors may still end up with more blood on their hands despite the recent support shown for the share price and bond spreads.

Is this a time to buy then? We believe not. Commerzbank’s volatile trading performance and modest financial profile urge caution. The implied equity volatility

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here