This Fintech Is on Track to Oust Commerzbank From German DAX
- Wirecard jumps in Frankfurt after raising earnings guidance
- Payments provider expected to enter DAX next month: analyst
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Wirecard AG, the fintech company that’s worth more than Deutsche Bank AG, edged closer to joining Germany’s blue chip DAX index after raising its earnings forecast for the second time this year.
Wirecard jumped as much as 9.6 percent in Frankfurt after saying it now sees earnings before interest, taxes, depreciation and amortization of as much as 560 million euros ($637 million) this year, compared with an earlier prediction of 545 million euros.