Commerzbank Reports 41% Rise In Q1 Profit

Commerzbank AG CRZBY reported a 41% rise in its Q1 net profit on Monday. The bank reported its preliminary Q1 net profit at 1 billion euros ($1.48 billion), versus €708 million, in the year-ago quarter. However, analysts were expecting profit of €751 million. Commerzbank shares gained 0.94% to close at $6.41 on Friday. Read more from Benzinga's Company news.