Investing.com - Commerzbank (DE:CBKG) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Commerzbank announced earnings per share of €-0.05 on revenue of €3.02B. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €2.08B.
Commerzbank shares are down 51% from the beginning of the year and are trading at €4.016 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.72% from the start of the year.
Commerzbank follows other major Financial sector earnings this month
Commerzbank's report follows an earnings beat by Muench. Rueckvers. on Thursday, who reported EPS of €1.44 on revenue of €14.30B, compared to forecasts EPS of €1.31 on revenue of €14.39B.
Deutsche Boerse had beat expectations on Tuesday, October 27, 2020 with third quarter EPS of €1.38 on revenue of €707.5M, compared to forecast for EPS of €1.36 on revenue of €719.09M.
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