Commerzbank

first_img whatsapp KCS-content AFTER losing more than €1bn in the third quarter last year, Commerzbank has limped back into the black this time around, posting net profit of €113m – well below most analysts estimates.But despite disappointing expectations, there are positives among the rubble. Commerzbank avoided posting another loss – as in the case of rival Deutsche Bank. But more importantly, it is in a good position moving forward as the German economy continues to gain pace.Much of Commerzbank’s problems stemmed from losses on commercial mortgages. These losses should ease as fewer clients run into financial difficulties.It’s troublesome integration of loss-making Dresdner Bank last year has also put pressure on income, with operating profit at the unit dropping 40 per cent in the quarter. This should ease in the coming months. With the bank’s stock down more than four per cent this may seem a good time to buy but, with speculation mounting that it may post a fourth-quarter loss, it may fall further before it mounts a recovery. Share More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsappcenter_img Commerzbank by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Show Comments ▼ Tags: NULL Monday 8 November 2010 9:33 pmlast_img read more