Commerzbank Rises Most in Three Months as Profit Beats Estimates
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Commerzbank AG, the German bank forced into an 18.2 billion-euro ($24 billion) state bailout, surged the most in almost three months in Frankfurt trading after second-quarter earnings fell less than analysts estimated.
Commerzbank jumped as much as 11 percent, the biggest increase since May 15, and climbed 9.9 percent to 7.28 euros at 10:19 a.m., valuing the company at 8.3 billion euros. The stock has slumped 33 percent this year, the biggest decline on the benchmark Stoxx 600 Banks Index after Spain’s Bankia SA.