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)

Commerzbank's Q4 results beat expectations on key revenue and net income metrics, suggesting robust financial performance amid challenging conditions.

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Siemens Energy (ENR GY) Q1 (EUR): Revenue 9.6bln (exp. 9.83bln), Profit Before Special Items 1.16bln (exp. 992.4mln), Orders 17.61bln (exp. 14.17bln); affirms guidance

Dassault Systemes (DSY FP) Q4 (EUR): EPS 0.33 (exp. 0.33), Adj. EBIT 622mln (exp. 654.6mln), Non-IFRS Revenue 1.68bln (exp. 1.74bln), Non-IFRS Revenue ex-FX +1% (exp. +3.49%); Sees Q1'26 Revenue ex-FX 1-5%, EPS 0.25-0.31 (exp. 0.33)

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)

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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)
Context

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.

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