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Commerzbank Boosts Outlook After Posting Surprise Profit

  • Says 2021 revenue should be slightly higher than prior year
  • Joins peers in pointing to strength in securities business
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WATCH: CFO Bettina Orlopp says Commerzbank expects German company defaults to rise this year even as the economy recovers.Source: Bloomberg
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Commerzbank AG posted a surprise profit in the first three months and upgraded its full-year revenue outlook, providing support to Chief Executive Officer Manfred Knof after he unveiled a new turnaround strategy to boost profitability.