Investing.com - Commerzbank (DE:CBKG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Commerzbank announced earnings per share of €0.32 on revenue of €2.95B. Analysts polled by Investing.com anticipated EPS of €0.27 on revenue of €1.99B.
Commerzbank shares are up 10% from the beginning of the year and are trading at €6.545 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 21.09% from the start of the year.
Commerzbank follows other major Financial sector earnings this month
Commerzbank's report follows an earnings beat by Deutsche Bank AG on Wednesday, October 27, 2021, who reported EPS of €0.3041 on revenue of €6.04B, compared to forecasts EPS of €0.0445 on revenue of €5.86B.
Hannover Rueckversicherung SE had missed expectations on Thursday with third quarter EPS of €1.54 on revenue of €7.16B, compared to forecast for EPS of €2.67 on revenue of €6.67B.
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