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Goldman Sachs Sticks to Its Hold Rating for Commerzbank (0RLW)

Tipranks - Tipranks - Tue Jan 27, 6:08AM CST

In a report released today, Chris Hallam from Goldman Sachs maintained a Hold rating on Commerzbank, with a price target of €35.10.

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Hallam covers the Financial sector, focusing on stocks such as ING GROEP, Commerzbank, and BNP Paribas. According to TipRanks, Hallam has an average return of 27.9% and a 78.47% success rate on recommended stocks.

In addition to Goldman Sachs, Commerzbank also received a Hold from Barclays’s Krishnendra Dubey in a report issued on January 23. However, on January 19, Deutsche Bank maintained a Buy rating on Commerzbank (LSE: 0RLW).

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Based on Commerzbank’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €6.27 billion and a net profit of €462 million. In comparison, last year the company earned a revenue of €6.74 billion and had a net profit of €538 million

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