Friday, November 4, 2016

Commerzbank Stock Down On Q3 Loss; Expects Positive Net Result In FY16

Shares of German lender Commerzbank AG were losing around 2 percent in the morning trading after the German lender reported a loss in its third quarter, compared to profit last year on goodwill impairments. Revenues before loan loss provisions were higher. Looking ahead, for fiscal 2016, the company said it sees positive net result, including the goodwill impairments.

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