Commerzbank (CBK GY) Q4 (EUR): Revenue 3.14bln (exp. 3.09bln), NII 2.05bln (exp. 2.04bln, prev. 2.31bln Y/Y), Net Income 737mln (exp. 628.6mln); Outlook 2026: Net result expected above original target of EUR 3.2bln (exp. 3.41bln)
Newsquawk Staff ·
Q4 Metrics continued
- Loan-loss provision 207mln, -3.3% Y/Y.
- CET1 Ratio 14.7% (exp. 14.6%).
FY
- Revenue 12.2bln (exp. 12bln)
- NII 8.23bln (prev. 8.33bln Y/Y)
- CET1 Ratio 14.7% (prev. 15.1% Y/Y)
- Op. Result 4.50bln (prev. 3.83bln Y/Y)
What it means
Commerzbank's Q4 results beat expectations on key revenue and net income metrics, suggesting robust financial performance amid challenging conditions. Although net interest income (NII) showed a year-on-year decline, the bank's outlook for 2026 indicates a positive trajectory, which could bolster investor confidence. The CET1 ratio is solid, further reinforcing its capital strength against potential market volatility.
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler
- JPMorgan’s (JPM) 270 Park Avenue headquarters in Manhattan is estimated to cost approximately USD 6bln, WSJ reports
- Santander (SAN SM) Q3 (EUR) net 3.43bln (exp. 3.41bln), rev. 16.0bln (prev. 15.3bln Y/Y)
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