Why Commerzbank (CRZBY) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Commerzbank (CRZBY) are up 4.31% to $16.22  on a report that France's Societe Generale (SCGLY) and Spain's Santander (SAN) are each considering a tie-up with the German bank, according to the German magazine Bilanz, Reuters reports.

A delegation from Societe Generale recently met with representatives from the German government to talk about Berlin's 17% stake in Commerzbank, the report said.

The German government currently has no plans to sell its stake, according to a finance ministry spokeswoman.

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Societe Generale is up 3.06% to $11.77, and Santander is higher by 2.12% to $10.38.

CRZBY Chart

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