Commerzbank Posts Higher Earnings After Commission Income Lifts Revenue
Commerzbank CBK -0.61%decrease; red down pointing triangle reported a rise in earnings and revenue for the first quarter that exceeded analysts's expectations, after higher commission income offset a decline in interest income.
The German lender on Friday confirmed its targets for the year, saying it is reducing its reliance on net interest income–the difference between what it earnings from loans and pays for deposits–as interest rates fall. It also reaffirmed its plans for capital returns.
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