Commerzbank (OTCMKTS:CRZBY) Issues Earnings Results

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

Commerzbank Price Performance

OTCMKTS CRZBY opened at $28.64 on Friday. Commerzbank has a one year low of $13.28 and a one year high of $28.87. The stock’s 50-day moving average is $25.53 and its 200-day moving average is $20.40. The firm has a market cap of $33.92 billion, a P/E ratio of 14.99 and a beta of 0.68.

Wall Street Analyst Weigh In

A number of research firms have commented on CRZBY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research report on Thursday, April 24th. Morgan Stanley reiterated an “overweight” rating on shares of Commerzbank in a research report on Friday, March 7th.

About Commerzbank

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.