Wednesday, August 7, 2019

Commerzbank Q2 Profit Down, Says FY View For Profit Growth Ambitious; Stock Dips

Shares of Commerzbank AG were losing around 5 percent in German trading after the lender on Wednesday reported a slight drop in profit in its second quarter hurt by lower revenues. Looking ahead, the Bank expects a slight increase in consolidated net income for the 2019, but said the target has become significantly more ambitious. Commerzbank said it will continue its growth strategy in 2019.

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