Investing.com - Commerzbank (ETR:CBKG) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Commerzbank announced earnings per share of €0.22 on revenue of €3.41B. Analysts polled by Investing.com anticipated EPS of €0.2531 on revenue of €2.28B.
Commerzbank shares are up 3% from the beginning of the year, still down 27.36% from its 52 week high of €9.51 set on February 21. They are outperforming the STOXX 600 which is down 10.15% from the start of the year.
Commerzbank follows other major Financial sector earnings this month
Commerzbank's report follows an earnings beat by Deutsche Boerse on July 27, who reported EPS of €1.98 on revenue of €1.02B, compared to forecasts EPS of €1.81 on revenue of €983.31M.
Deutsche Bank AG had beat expectations on July 27 with second quarter EPS of €0.5378 on revenue of €6.65B, compared to forecast for EPS of €0.4412 on revenue of €6.51B.
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