Commerzbank shares fall after Q3 profit, revenue misses

By Reuters News19 hours ago Updated

** Shares in Commerzbank CBKG.DE fall 2%, after the German bank reported worse-than-expected third quarter net profit, revenues

** "Commerzbank third quarter numbers mainly below Street view," a local trader says

** The bank posted quarterly net profit of €859 million ($967 million), up around 45% year-on-year but missing a company-published consensus of €864 million

** J.P. Morgan also points to third quarter group revenues 2% below consensus at €3,199 million

** On medium-term profit targets, JPM adds: "we see a reduced scope for positive surprises vs. consensus expectations"

($1 = 0.8880 euros)

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