Investment tip: This is how Goldman Sachs Group Inc. rates Commerzbank shares

Commerzbank shares have been subjected to a thorough review by Goldman Sachs Group Inc. These are the results found.

The US investment bank Goldman Sachs has lowered the price target for Commerzbank from 13.70 to 13.40 euros and left the rating at “neutral”. Analyst Chris Hallam updated his estimates based on the latest figures and the company’s targets. The financial institution surprised positively with its net result in the final quarter of 2023 and raised its forecast for net interest income for 2024, but lowered it for 2025, according to a study available on Monday.

Stock check: A detailed look at the performance of Commerzbank shares at the time of the analysis

With a price of EUR 10.79, Commerzbank shares were hardly changed in Tradegate trading at 8:41 a.m. As a result, the paper still shows an increase potential of 24.19 percent in relation to the set price mark. During trading to date, 27,696 Commerzbank shares have been offered for purchase or sale via Tradegate. The share certificate has climbed by 0.5 percent since the beginning of 2024. The upcoming Q1 2024 results are expected to be published on May 15, 2024.

NEW YORK (dpa-AFX Analyzer) / editorial team

Publication of the original study: February 16, 2024 / 5:16 p.m. / GMT First time distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at disclosure_duty.html.

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