Commerzbank-resignations: The best news for a Long time

The stock markets are sometimes mercilessly. On Friday after market close, it was announced that the chiefs of the Executive Board and the Supervisory Board Mar

Commerzbank-resignations: The best news for a Long time

The stock markets are sometimes mercilessly. On Friday after market close, it was announced that the chiefs of the Executive Board and the Supervisory Board Martin Zielke and Stefan Schmittmann, give up their Posts. On Monday morning, the stock gave this a rare course jump. Up to the early afternoon it went up to 8 percent. In the thus reached 4,44 euros, the shares had a quoted rate at the beginning of June, and before that, since the beginning of the Corona-crisis, the share prices of almost all the German company has a break-in.

Tim Kanning

editor in the economy.

F. A. Z.

Markus Frühauf

editor in the economy.

F. A. Z. Twitter

shareholders, who are already involved longer in the Bank, you can manage the price jump from the Monday, but probably only a tired Smile. To the office of Zielke in may 2016, the share price had been well worth twice that much. And this was preceded in the spring of 2013, a stock average, in the ten shares of a were. From the prevailing share price of little more than one Euro were to become through this course cosmetics short-hand a little more than ten Euro. Who belonged before to shareholders of the then second-largest German Bank, the share has since mathematically only a penny stock.

The outgoing Chairman of the Supervisory Board Schmittmann's announcement on Friday that the recent strategy has obviously "found no sufficient acceptance in the capital market," the index of the share price stated even on the occasion of his resignation. In fact, the top management of Zielke and Schmitt, the man could not pay for it for years, ailing course no new life. On the contrary, From the office Zielkes up to his resignation announcement on Friday, the rate has declined by over 50 percent. Since Schmitt's assumption of office in may 2018, the rate decrease is due to a temporary recovery, with more than 60 percent even harder. The new strategy presented by Zielke in September 2019, had not stopped the decline. Decline since: 23 percent.

Updated Date: 06 July 2020, 13:19

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