Commerzbank does not come to rest, at least as far as the staff is concerned. The group restructuring has not really started yet. Corporate customer boss Roland Boekhout is leaving Commerzbank after only eleven months, as was recently leaked. The new strong man of the group has thus prevailed.
In the end, it was probably mainly due to different views on the restructuring of the corporate banking business. Commerzbank itself explains this in a press release on Friday. “Roland Boekhout has decided to leave Commerzbank due to different ideas about the future strategic direction of the corporate customer business,” said Chairman of the Supervisory Board Hans-Jörg Vetter. With Vetter himself there should have been differences of opinion on the international orientation of the division. THE SHAREHOLDER reported.
Commerzbank
(WKN: CBK100)
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Since the end of last week, the share has been hovering in the range of EUR 5.35 and EUR 5.65. New dynamics only emerge when the price breaks out of the upper limit line at EUR 5.65. Then the way is clear in terms of chart technology for the mark of six euros.
Invested investors stick with it and observe the adjusted stop price of 4.00 euros. Those who have not yet invested can build up a first position, the price target is EUR 7.50.
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Note on conflicts of interest:
The Chairman of the Board of Management and majority owner of the publisher Börsenmedien AG, Mr Bernd Förtsch, has taken direct and indirect positions on the following financial instruments referred to in the publication or related derivatives that benefit from any price development resulting from the publication: Commerzbank.
Commerzbank shares are in the SHAREHOLDER depot.
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