Tuesday, May 15, 2018

Commerzbank Stock Up On Higher Q1 Net Profit; Backs 2018 Outlook

Shares of Commerzbank AG were gaining around 3 percent in the morning trading in Germany after the lender reported Tuesday higher net profit in its first quarter. Pre-tax profit, meanwhile, declined and revenues were nearly flat. Further, the outlook for fiscal 2018 remains unchanged. Also, the Bank aims to resume dividend payments for financial year 2018.

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