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Commerzbank
Trends
- 1
UniCredit is at the centre of Italy's banking debate as analysts raise their outlooks. Equita lifted its target price, seeing upside to 110 euros in a scenario combining Commerzbank and HVB, while Citi also raised its target, citing the bank's push to open new branches in Italy. The moves come alongside wider merger chatter, with Banco Bpm's chief Castagna open to a tie-up with French banks and MPS shareholders weighing rival proposals.
- 2
UniCredit's involvement with Commerzbank is drawing attention in Germany, with Commerzbank issuing new capital market information amid investor interest. The Italian bank's stake-building in its Frankfurt rival has been one of the most closely watched banking stories in Europe, sparking debate in Berlin over jobs, independence and the future of German banking consolidation.