Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (12 lettori)
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- Data di Inizio
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bosmeld
Forumer storico
Commerz
By Jann Bettinga
Nov. 8 (Bloomberg) -- Commerzbank AG, Germany’s second-
biggest lender, reported a third-quarter profit that missed
analysts’ estimates as earnings at the retail bank fell.
Net income of 113 million euros ($158 million) compared
with a loss of 1.06 billion euros in the year-earlier period,
the Frankfurt-based company said in a statement today. That
missed the 148.4 million-euro average projection of 12 analysts
surveyed by Bloomberg.
Commerzbank, which bought unprofitable competitor Dresdner
Bank last year to expand its private-client business, is
struggling to boost earnings at the unit. Third-quarter
operating profit at the private bank dropped 40 percent from a
year earlier amid a “weak securities business,” it said.
“I would have expected Commerzbank to benefit more from
the economic recovery,” said Konrad Becker, an analyst at Merck
Finck & Co. in Munich who recommends selling Commerzbank stock.
“The retail bank performed badly.”
Commerzbank fell 0.7 percent to 6.58 euros as of 9:16 a.m.
in Frankfurt trading. The shares have still risen 12 percent
this year, valuing the company at about 7.8 billion euros.
The lender said today that it expects to post net income of
at least 1 billion euros in 2010 under international financial
reporting standards, following a loss of about 4.5 billion euros
last year.
Bad-loan provisions fell to 621 million euros in the third
quarter from 1.05 billion euros a year earlier, Commerzbank
said. That was better than the 669 million-euro average analyst
estimate in a Bloomberg survey. Provisions for 2010 will
probably total less than 2.7 billion euros, the lender said.
‘With a Tailwind’
“In the coming year, loan loss provisions and costs should
decline further,” Chief Financial Officer Eric Strutz said in
the statement. “We are sailing into the next year with a
tailwind and assume that the operating profit for 2011 will be
higher than that seen in 2010.” He didn’t provide figures.
Societe Generale SA , France’s second-largest bank, said
last week that its third-quarter profit more than doubled after
setting aside less money for bad loans. Frankfurt-based Deutsche
Bank AG, Germany’s biggest lender, last month reported third-
quarter results that beat estimates after the investment banking
unit posted higher profit.
Commerzbank was forced to tap Germany for 18.2 billion
euros of aid during the global financial crisis. That included a
capital injection of 16.4 billion euros by the country’s Soffin
bank-rescue fund, known as the silent participation. Commerzbank
didn’t pay interest on the government capital for 2009 because
it posted a loss last year.
Eurohypo Unit
Commerzbank has to sell its Eurohypo property finance
division by the end of 2014 to meet European Union requirements
for approving the state aid. The lender said today that it will
book an impairment related to Eurohypo’s value under German
accounting rules, while this will not be the case under IFRS.
The bank previously said that it depends on the full-year result
under German accounting standards for whether or not it may
start paying interest on state aid for 2010.
Commerzbank’s Tier 1 capital ratio, a measure of financial
strength, was 11.2 percent at the end of September, compared
with 10.8 percent at the end of June, the lender said today. The
so-called core Tier 1 ratio was 9.9 percent.
The Basel Committee on Banking Supervision , which
represents central banks and regulators in 27 nations and sets
capital standards for lenders, announced new rules in September
that aim to head off another global banking crisis. The
measures, known as Basel III, more than double capital
requirements, while giving banks several years to comply.
Commerzbank will “compensate for” the impact of Basel III
by cutting assets in non-core bank areas, Strutz said today.
By Jann Bettinga
Nov. 8 (Bloomberg) -- Commerzbank AG, Germany’s second-
biggest lender, reported a third-quarter profit that missed
analysts’ estimates as earnings at the retail bank fell.
Net income of 113 million euros ($158 million) compared
with a loss of 1.06 billion euros in the year-earlier period,
the Frankfurt-based company said in a statement today. That
missed the 148.4 million-euro average projection of 12 analysts
surveyed by Bloomberg.
Commerzbank, which bought unprofitable competitor Dresdner
Bank last year to expand its private-client business, is
struggling to boost earnings at the unit. Third-quarter
operating profit at the private bank dropped 40 percent from a
year earlier amid a “weak securities business,” it said.
“I would have expected Commerzbank to benefit more from
the economic recovery,” said Konrad Becker, an analyst at Merck
Finck & Co. in Munich who recommends selling Commerzbank stock.
“The retail bank performed badly.”
Commerzbank fell 0.7 percent to 6.58 euros as of 9:16 a.m.
in Frankfurt trading. The shares have still risen 12 percent
this year, valuing the company at about 7.8 billion euros.
The lender said today that it expects to post net income of
at least 1 billion euros in 2010 under international financial
reporting standards, following a loss of about 4.5 billion euros
last year.
Bad-loan provisions fell to 621 million euros in the third
quarter from 1.05 billion euros a year earlier, Commerzbank
said. That was better than the 669 million-euro average analyst
estimate in a Bloomberg survey. Provisions for 2010 will
probably total less than 2.7 billion euros, the lender said.
‘With a Tailwind’
“In the coming year, loan loss provisions and costs should
decline further,” Chief Financial Officer Eric Strutz said in
the statement. “We are sailing into the next year with a
tailwind and assume that the operating profit for 2011 will be
higher than that seen in 2010.” He didn’t provide figures.
Societe Generale SA , France’s second-largest bank, said
last week that its third-quarter profit more than doubled after
setting aside less money for bad loans. Frankfurt-based Deutsche
Bank AG, Germany’s biggest lender, last month reported third-
quarter results that beat estimates after the investment banking
unit posted higher profit.
Commerzbank was forced to tap Germany for 18.2 billion
euros of aid during the global financial crisis. That included a
capital injection of 16.4 billion euros by the country’s Soffin
bank-rescue fund, known as the silent participation. Commerzbank
didn’t pay interest on the government capital for 2009 because
it posted a loss last year.
Eurohypo Unit
Commerzbank has to sell its Eurohypo property finance
division by the end of 2014 to meet European Union requirements
for approving the state aid. The lender said today that it will
book an impairment related to Eurohypo’s value under German
accounting rules, while this will not be the case under IFRS.
The bank previously said that it depends on the full-year result
under German accounting standards for whether or not it may
start paying interest on state aid for 2010.
Commerzbank’s Tier 1 capital ratio, a measure of financial
strength, was 11.2 percent at the end of September, compared
with 10.8 percent at the end of June, the lender said today. The
so-called core Tier 1 ratio was 9.9 percent.
The Basel Committee on Banking Supervision , which
represents central banks and regulators in 27 nations and sets
capital standards for lenders, announced new rules in September
that aim to head off another global banking crisis. The
measures, known as Basel III, more than double capital
requirements, while giving banks several years to comply.
Commerzbank will “compensate for” the impact of Basel III
by cutting assets in non-core bank areas, Strutz said today.
bosmeld
Forumer storico
prezzi
per quanto riguarda i prezzi, tutti piú o meno stabili rispetto a venerdí pomeriggio.
banche irlandesi, e landsbank tedesche come abbiamo visto hanno preso una bella botta venerdi ma ora sembra si stanno stabilizzando.
gli altri non sembrano averne risentito.
vedo ancora un po di pressione, su gli lt2 di Hsh.
p.s giá mi manca il mio amore baca
per quanto riguarda i prezzi, tutti piú o meno stabili rispetto a venerdí pomeriggio.
banche irlandesi, e landsbank tedesche come abbiamo visto hanno preso una bella botta venerdi ma ora sembra si stanno stabilizzando.
gli altri non sembrano averne risentito.
vedo ancora un po di pressione, su gli lt2 di Hsh.
p.s giá mi manca il mio amore baca
Metriko
Forumer attivo
Vorrei ternerla
ho quella in dollari presa a 95 , ma daltronde era per cassetto,
la situazione non è felice tra il dollaro che è sui 1,3950 stamattina ela flessione del perpetual da 95,5 a 93,8 ...
pero' per ora mi sa che tengo.
Max grazie come sempre per la tua puntualita' ,Dario.
zeta59
Forumer storico
Ciao Bos , un saluto a tutti
la 663 ne ho un lotto che mantengo a discapito delle quotazioni , vorrei entrare sulla 506 ,
se vedi anche la quotazione della ISP XS0456541506 e della SNS XS0468954523 le puoi postare , Grazie
bosmeld
Forumer storico
Ciao Bos , un saluto a tutti
la 663 ne ho un lotto che mantengo a discapito delle quotazioni , vorrei entrare sulla 506 ,
se vedi anche la quotazione della ISP XS0456541506 e della SNS XS0468954523 le puoi postare , Grazie
XS0456541506 104,5 denaro 104,75 lettera questa pure andasse a 100 la prenderei
XS0468954523 104,5 denaro 105 lettera
mi sono iniziato a scocciare, a stare sempre a 1000 sul mercato, se tornano i rendimenti, di un po di tempo fa, intorno al 7,5% 8% netto.
mi compro un po di lotti misti, intesa, unicess, ecc.... e me ne vado al mare.
lo dico sempre ma non lo faccio mai...
anche perché purtroppo sono squattrinato, devo fare un altro piú 100% per arrivare al mio obiettivo.
zeta59
Forumer storico
XS0456541506 104,5 denaro 104,75 lettera questa pure andasse a 100 la prenderei
XS0468954523 104,5 denaro 105 lettera
mi sono iniziato a scocciare, a stare sempre a 1000 sul mercato, se tornano i rendimenti, di un po di tempo fa, intorno al 7,5% 8% netto.
mi compro un po di lotti misti, intesa, unicess, ecc.... e me ne vado al mare.
lo dico sempre ma non lo faccio mai...
anche perché purtroppo sono squattrinato, devo fare un altro piú 100% per arrivare al mio obiettivo.
Grazie per i prezzi , sui rendimenti la penso come te, anche se la mia operatività è decisamente inferiore alla vostra, stare tutto il giorno a cercare quotazioni e notizie per aumentare il profit&loss ed evitare di rimanere incastrati è stressante.
Al momento sono con un 5,99% netto ma devo ancora togliere un paio di ciofeghine dal pft e rimpiazzarle con qualcosa di meglio.
Intesa 663 c'è la ho a pmc 101,45 e la tengo , come mantengo Lottomatica 663, sulla ISP 506 ho tentennato e perso il treno a 101 , sulla SNS sono esposto con 2 lotti uno sulla 523 e uno sulla LT2 6,25% , l'emittente non mi dispiace ma non sò sino a che punto sia solida, e pertanto vorrei alleggerire uno dei 2 , cosa ne pensi ?
Andre_Sant
Forumer storico
qualcuno sa a quanto stanno le due banco popolare 373 e 290 2017 ?
grazie mille
ciao
grazie mille
ciao
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