Commerzbank confirms full-year profit target despite Q3 fall

NAMPA / DPA

2024-11-06

Frankfurt (dpa) - Germany's Commerzbank posted a decline in third quarter profits to ?642 million ($689 million), down more than 6% on the year, but held to its forecast for the full year in results released in Frankfurt on Wednesday. The figures came in above analysts' expectations. The bank, Germany's second largest, is fending off an approach by Italy's Unicredit, which has secured a stake in Commerzbank of around 21%. "We are convinced that w......

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