Wednesday, May 13, 2020

Commerzbank Slips To Q1 Loss, Sees Stable Customer Business Revenue; Stock Down

Shares of Commerzbank AG were losing around 5 percent in the morning trading in Germany after the banking major reported Wednesday a loss in its first quarter, compared to prior year's profit, hurt mainly by impacts from coronavirus or Covid-19 pandemic. Revenues declined, while net interest income increased with strong customer business. Looking ahead, the Bank expects to keep revenue in customer

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