Commerzbank AG CRZBY reported a 93% drop in its Q2 net profit.
Commerzbank's net profit declined to €24 million, from €352 million, in the year-earlier period. Its net interest income dropped to €1.79 billion from €1.85 billion. However, analysts were expecting a profit of €53 million.
Commerzbank shares surged 8% to close at $3.24 yesterday.
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