Commerzbank Third Quarter 2024 Earnings: Beats Expectations

Commerzbank (ETR:CBK) Third Quarter 2024 Results

Key Financial Results

• Revenue: €2.43b (down 7.2% from 3Q 2023).
• Net income: €836.0m (down 4.8% from 3Q 2023).
• Profit margin: 34% (in line with 3Q 2023).
• EPS: €0.53.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Commerzbank Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.

Performance of the market in Germany.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Be aware that Commerzbank is showing 1 warning sign in our investment analysis that you should know about...

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