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Commerzbank AG (CBK.DE)

XETRA - XETRA Delayed price. Currency in EUR
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7.03-0.21 (-2.90%)
At close: 05:35PM CEST
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  • Bloomberg

    Gold Heads for Third Weekly Gain on Rising Demand for Havens

    (Bloomberg) -- Gold traded near a one-month high -- after jumping the most since March on Thursday -- as US-China tensions and a deepening global economic slowdown buoyed demand for haven assets. Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteBullion headed for a third weekly gain, even as prices slipped on Friday, after China likely fire

  • Reuters

    Higher interest rates a 'bright spot' for Europe's banks

    European banks are hoping the boost to their businesses from higher interest rates will be long-lasting as they navigate the economic fallout of war, soaring inflation, and a looming energy crisis. The German lender Commerzbank on Wednesday reported a bigger-than-expected second-quarter net profit that it said was especially helped by higher interest rates. Exhibiting a trend seen across Europe, Commerzbank's net interest income jumped 26% in the period from a year earlier as longer-term interest rates rose in Germany and as the central bank in Poland, where it has a big presence, hiked official borrowing costs.

  • Reuters

    Commerzbank sees energy and growth 'clouds' after Q2 profit beat

    Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was on track to meet its profit target despite "clouds" on the horizon. The return to profit at Germany's No. 2 bank is a victory for CEO Manfred Knof, who joined the company at the start of 2021 to carry out a 2 billion euro restructuring programme involving hundreds of branch closures and 10,000 job cuts to get back on a sustainable path. Analysts had on average expected a profit of 370 million euros, according to a consensus forecast published by Commerzbank.