• (PLX AI) – Commerzbank shares rose 1.4% in morning trading after announcing strong earnings late yesterday and analysts at Bank of America upgraded the stock.
  • • The bank reported Q1 operating result twice as high as analysts expected on average, with strong beats on total revenue, fees and net interest income
  • • Commerzbank raised to neutral from underperform at BofA
  • • Commerzbank posted strong underlying revenue performance, and its robust level of provisions should be sufficient to deal with Russia exposure, BofA said
  • • Price target of EUR 7 implies 19% upside from yesterday's close

Quelle: PLX AI