Commerzbank (OTCMKTS:CRZBY) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Commerzbank (OTCMKTS:CRZBY) issued its earnings results on Thursday. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03, Zacks reports. Commerzbank had a net margin of 13.30% and a return on equity of 8.89%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion.

Commerzbank Stock Performance

Shares of CRZBY stock traded down $0.59 during trading hours on Friday, reaching $42.62. The stock had a trading volume of 3,747 shares, compared to its average volume of 42,846. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. Commerzbank has a twelve month low of $33.63 and a twelve month high of $50.16. The firm has a 50-day simple moving average of $45.03 and a 200-day simple moving average of $42.34. The firm has a market capitalization of $44.75 billion, a PE ratio of 14.02 and a beta of 0.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CRZBY. Royal Bank Of Canada cut Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Commerzbank

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank’s services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.