Commerzbank (ETR:CBK) Second Quarter 2023 Results

Key Financial Results

• Revenue: €2.42b (up 1.3% from 2Q 2022).

• Net income: €565.0m (up 102% from 2Q 2022).

• Profit margin: 23% (up from 12% in 2Q 2022). The increase in margin was primarily driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Commerzbank Revenues Beat Expectations

Revenue exceeded analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe.

Performance of the market in Germany.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Be aware that Commerzbank is showing 1 warning sign in our investment analysis that you should know about...

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