Commerzbank reported on Thursday that it had a net profit of 421 million euros in the fourth quarter of 2021, which contrasts with the loss of 2.7 billion euros recorded in the same period of 2020. The result far exceeded analysts’ expectations. , which predicted a profit of 81 million euros between October and December. Also in the annual comparison, the revenue of Germany’s second largest bank increased 3.5% in the quarter, to 2.1 billion euros. Commerzbank also said it expects it will earn more than 1 billion euros this year and that it plans to resume dividend payments. Source: Dow Jones Newswires.
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