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Commerzbank Results Good, Solid Guidance

FINANCIALS

ALEX POTTER06:26:19 {GE}{3H} Commerzbank (CMZB: Baa2 pos/BBB- pos) results headlines look positive with good loan losses and solid guidance (pre-tax beat by 5%):


  • COMMERZBANK 1Q REV. EU2.75B, EST. EU2.74B
  • COMMERZBANK 1Q LOAN-LOSS PROVISION EU76.0M, EST. EU83.1M
  • COMMERZBANK STILL SEES FY LOAN-LOSS PROVISION BELOW EU800M (est. 739m)
  • COMMERZBANK 1Q CET1 RATIO 14.9%, EST. 14.6%
  • COMMERZBANK 1Q NET INCOME EU747M, EST. EU656M
  • COMMERZBANK SEES FY NET INTEREST INCOME ABOUT EU8.1B, EST. EU8B
  • COMMERZBANK STILL SEES FY CET1 RATIO ABOVE 14%, EST. 14.6%

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