Commerzbank announced on Wednesday that its net profit for the second quarter of 2024 decreased by 4.8%, aligning with market expectations. The bank reported a net profit of 538 million euros ($587 million) for the period, a decrease from 565 million euros recorded in the same quarter of the previous year. This figure was slightly below the average analyst estimate of 539 million euros, based on a consensus forecast released by Commerzbank in July. Despite the decline, Commerzbank reaffirmed its targets for the full year.
($1 = 0.9166 euros)