Saturday, May 18, 2024

You’re Reading Body Language...

Opinions expressed by Entrepreneur contributors are their own....

Why You Should Bet...

Opinions expressed by Entrepreneur contributors are their own....

What Are the Most...

In some cities, Airbnb listings make...
HomeBusinessCommerzbank reports better-than-expected...

Commerzbank reports better-than-expected 29% rise in Q1 net profit


The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.

Daniel Roland | Afp | Getty Images

Germany’s Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for net interest income for the full year.

Net profit of 747 million euros ($808.25 million) in the quarter compares with a profit of 580 million euros a year earlier. Analysts had on average expected profit of 652 million euros, according to an April consensus forecast published by Commerzbank.

Commerzbank is benefiting from a rise in interest rates and the income that generates. Net interest income rose 9.2% in the first quarter to 2.126 billion euros, better than expectations for 2.096 billion euros.

The bank raised its full-year forecast for net interest income to 8.1 billion euros from 7.9 billion euros previously.

Continue reading

eBay Delivers a New Way to Encourage Resale of Products

eBay has unveiled a new ‘resell on eBay’ feature designed to make it easier for users to list their clothing for resale with just a few clicks. This innovation supports eBay’s commitment to promoting circular fashion circular fashion...

How to Write a Great One [+ Free Generator]

I send out dozens of emails every day. Like a letter, each ends with a handy email signature that shares a bit more information about the work that I do. It’s a little note that allows me to...

7 Reasons Dogecoin (DOGE) Could Flip Ripple’s XRP in 2024

Dogecoin's total market capitalization stands at $19.8 billion at the time of writing, with the meme coin retailing at $0.145. Meanwhile, the price of Ripple Ripple's lawsuit against the US Securities and Exchange Commission could end as soon as this...