Commerzbank net soars, aided by trading income
Article Abstract:
Commerzbank AG of Germany posted stellar second quarter net profit up 63 percent to 285 million Euros ($366.2 million) from 175 million Euros last year. Revenues were due to increased income from securities trading although growth was stunted by fee charges and restructuring costs. Commerzbank AG is the second largest banking interest in Germany.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Commerzbank's net nearly doubles on sale in Korea Exchange Bank
Article Abstract:
Commerzbank AG of Germany posted soaring first quarter net profit of 740 million Euros ($931.7 million) up from 395 million Euros last year. Revenue growth was boosted by the divestment of its stake in the Korea Exchange Bank.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Commerzbank's net rises 56% despite subprime write-downs
Article Abstract:
Third-quarter net profit for Germany's Commerzbank AG increased 56% to $490.6 mil, due to higher tax-loss carry-forwards offsetting subprime exposure write-downs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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