Deutsche Bank cuts Commerzbank stock rating to Hold

Published on 10/01/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Commerzbank stock costs EUR 39.91 on October 1, 2026 versus EUR 39.97. First-half revenue rose 7.00 percent to EUR 6.5 billion.

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Commerzbank stock (ISIN DE000CBK1001) was trading at EUR 39.91 at Lang & Schwarz on October 1, 2026 at 12:10 p.m. CEST, down 0.15 percent versus the EUR 39.97 prior close on September 30, 2026. On September 30, 2026, Deutsche Bank Research downgraded Commerzbank from Buy to Hold while keeping its EUR 42.00 price target, according to finanzen.net.

Rating turns more cautious

Analyst Benjamin Goy described the change as a new phase for the stock. The EUR 42.00 target stands EUR 2.09 above the Lang & Schwarz price, equivalent to 5.24 percent upside from the reference price.

The assessment reflects a more demanding strategic backdrop. Yahoo Finance reported that Deutsche Bank cited uncertainty over Commerzbank's future strategy, while higher net interest income and capital returns had already become better understood by the market.

First-half revenue rises 7.00 percent

Operational figures provide a stronger counterweight to the cautious rating. The Q2 2026 earnings-call transcript reported by Yahoo Finance put first-half revenue at EUR 6.5 billion, up 7.00 percent from the comparable period, while the operating result increased 14.00 percent to EUR 2.7 billion.

The same Q2 2026 update confirmed a full-year 2026 net interest income outlook of EUR 8.6 billion and a net result target of at least EUR 3.4 billion. That combination leaves the stock balancing current earnings strength against uncertainty over the bank's strategic direction.

Buyback and November results ahead

Commerzbank's capital-return program remains a concrete support factor. In a September 3, 2026 release, EQS News said the bank had approved a share buyback worth up to EUR 1.2 billion, running until February 10, 2027, at the latest.

The next scheduled financial milestone is November 5, 2026, when Commerzbank is due to publish third-quarter results, according to the events calendar carried in the EQS News company information.

Stock remains below yearly high

Commerzbank stock was trading at EUR 39.91 at Lang & Schwarz on October 1, 2026 at 12:10 p.m. CEST, compared with the EUR 39.97 prior close on September 30, 2026. The 52-week range was EUR 29.01 to EUR 43.37, placing the reference price 7.98 percent below the high.

The further course of trading is shown by the continuously updated real-time quote of Commerzbank stock.