RBC cuts target for Commerzbank stock from EUR 43 to EUR 40

Published on 10/02/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 net income was EUR 898.0 million versus EUR 462.0 million. Commerzbank stock costs EUR 39.31 on October 2, 2026 after EUR 39.44.

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Commerzbank (ISIN DE000CBK1001) was trading at EUR 39.31 at Lang & Schwarz on October 2, 2026 at 5:00 p.m. CEST, down EUR 0.13 or minus 0.33 percent versus the prior close of EUR 39.44. On October 2, 2026, RBC cut its price target from EUR 43.00 to EUR 40.00 and lowered its rating from Outperform to Sector Perform, according to BÖRSE ONLINE.

RBC flags higher equity costs

RBC cited higher equity costs, lower earnings visibility and execution risks linked to UniCredit's plans for Commerzbank as reasons for the downgrade, the report said on October 2, 2026. The new EUR 40.00 target lies 1.75 percent above the Lang & Schwarz price of EUR 39.31, using the same-day euro prices.

The analyst view leaves a narrow valuation gap. RBC described a possible acquisition of UniCredit's German unit HVB as sensible, but said execution risks were concentrated in Commerzbank, according to TradingView on October 2, 2026.

Second-quarter earnings stay strong

Commerzbank reported net income of EUR 898.0 million in the second quarter of 2026, versus EUR 462.0 million in the second quarter of 2025. That is a 94.37 percent increase, according to Stock-World.

The bank is targeting at least EUR 3.4 billion in net income for fiscal year 2026, while its capital return plan includes a share buyback of up to EUR 1.2 billion. Reuters reported on September 3, 2026 that the buyback was scheduled to run until February 10, 2027, at the latest.

Stock remains below yearly high

At EUR 39.31, Commerzbank stock stood 9.36 percent below its 52-week high of EUR 43.37 and above its 52-week low of EUR 29.01 on October 2, 2026. Market capitalization was EUR 43.0 billion on the same date, keeping the RBC target close to the current valuation rather than signaling a wide upside gap.

The next earnings date is November 5, 2026, according to Yahoo Finance. The further course of trading is shown by the continuously updated real-time quote of Commerzbank stock.