Investing.com - Commerzbank (DE:CBKG) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Commerzbank announced earnings per share of €0.34 on revenue of €1.63B. Analysts polled by Investing.com anticipated EPS of €0.245 on revenue of €1.88B.
Commerzbank shares are up 32% from the beginning of the year and are trading at €8.853 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 4.77% from the start of the year.
Commerzbank shares lost 100.00% in pre-market trade the report.
Commerzbank follows other major Financial sector earnings this month
Commerzbank's report follows an earnings missed by Deutsche Bank AG on Saturday, January 29, 2022, who reported EPS of €0.15 on revenue of €5.9B, compared to forecasts EPS of €0.197 on revenue of €5.75B.
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