Commerzbank (OTCMKTS:CRZBY) Announces Earnings Results

Commerzbank (OTCMKTS:CRZBY) issued its earnings results on Friday. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01, Zacks reports. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $2.96 billion.

Commerzbank Price Performance

Shares of CRZBY opened at $28.64 on Friday. The company has a market cap of $33.92 billion, a P/E ratio of 14.99 and a beta of 0.68. Commerzbank has a one year low of $13.28 and a one year high of $28.87. The firm has a 50 day simple moving average of $25.53 and a two-hundred day simple moving average of $20.40.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Commerzbank in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a report on Thursday, April 24th.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.