Germany's Commerzbank , fending off a possible takeover by Italy's UniCredit , reported an unexpected 7.9% drop in third-quarter net profit on Thursday as higher tax rates and costs weighed on earnings.
Commerzbank nudged up its guidance for the year, expecting its top line to continue to be supported by higher income from the interest it makes on loans.
Germany's Commerzbank , fending off a possible takeover by Italy's UniCredit , said on Thursday that net profit fell 7.9% in the third quarter, defying expectations for an increase in profit.
Die Commerzbank DE000CBK1001 zeigt sich im Abwehrkampf gegen die italienische Unicredit IT0005239360 betont selbstbewusst und hat im Sommer ihr Gewinnziel für 2025 nach oben geschraubt.
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