Commerzbank CEO Zielke Sees Signs of Turnaround Taking Hold
- Net income beats analysts’ estimates on lower tax, provisions
- Bank says it set aside 5 cents for planned 2018 dividend
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There are early signs of a turnaround at Commerzbank AG.
First-quarter net income beat estimates, provisions are dropping and the lender is resuming dividend payments, Commerzbank said on Tuesday. The bank, a perennial takeover target, also said it was on track to meet most of its strategic goals.