Commerzbank earnings miss, Revenue beats in Q2

  • Investing.com
Commerzbank earnings miss, Revenue beats in Q2

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 and are trading at €6.910 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.15% year to date.

Commerzbank follows other major Financial sector earnings this month

Commerzbank's report follows an earnings beat by Deutsche Boerse on Wednesday, July 27, 2022, 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 Wednesday, July 27, 2022 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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