Investing.com - Commerzbank (DE:CBKG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Commerzbank announced earnings per share of €0.11 on revenue of €3.36B. Analysts polled by Investing.com anticipated EPS of €-0.15 on revenue of €2.28B.
Commerzbank shares are up 3% from the beginning of the year and are trading at €6.263 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.75% from the start of the year.
Commerzbank follows other major Financial sector earnings this month
Commerzbank's report follows an earnings beat by Allianz on Wednesday, who reported EPS of €6.2 on revenue of €41.4B, compared to forecasts EPS of €4.6 on revenue of €40.86B.
Muench. Rueckvers. had beat expectations on Thursday, May 6, 2021 with first quarter EPS of €4.24 on revenue of €14.55B, compared to forecast for EPS of €3.49 on revenue of €14.86B.
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