Tuesday, August 7, 2018

Commerzbank Posts Q2 Profit, Cuts FY Unit Revenue View; Stock Dips

German lender Commerzbank AG reported Tuesday a profit in its second quarter, compared to loss last year, with increased revenues. The Bank further said it is aiming to resume dividend payments of 20 cents per share for 2018. Further, the company trimmed its fiscal 2018 adjusted revenue forecast for Corporate Clients segment citing intense competition.

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