Commerzbank and Infineon: Two Breakout Opportunities in a Strong German Market.
Reading Time: 2 minutes
The Commerzbank is a breakout candidate and confirms the positive sentiment in bank stocks. We have already positioned ourselves with Deutsche Bank in the portfolio. In addition, Commerzbank is one of the leading universal banks in Germany. In the first quarter, Commerzbank achieved a surprisingly strong result. Net profit rose by 12% to €834 million, exceeding analysts' expectations of €698 million and marking the best quarter since 2011. The bank recorded robust interest and commission surpluses. Revenues increased by 12% to €3.1 billion,...
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