Commerzbank Scraps Full-Year Target, Sees Decline in Profit

Updated on
  • Commerzbank shares fall 44% this year, more than banks index
  • Negative rates cut income at main units by 71 million euros

European Banks Report Card, How Are They Doing?

Commerzbank AG dropped the most in more than a month after Germany’s second-largest lender forecast a decline in full-year profit, adding pressure on Chief Executive Officer Martin Zielke to lower costs further.

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