Commerzbank (OTCMKTS:CRZBY - Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.01, Zacks reports. The company 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 Stock Up 4.1%
CRZBY stock traded up $1.14 during mid-day trading on Friday, hitting $28.64. 21,079 shares of the company were exchanged, compared to its average volume of 37,988. Commerzbank has a 12-month low of $13.28 and a 12-month high of $28.87. The firm has a market capitalization of $33.92 billion, a P/E ratio of 14.99 and a beta of 0.68. The business has a fifty day simple moving average of $25.53 and a 200-day simple moving average of $20.42.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CRZBY. Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th.
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Commerzbank Company Profile
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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.
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