FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski/File Photo
FRANKFURT (Reuters) – Germany’s Commerzbank (CBKG.DE) on Wednesday posted net profit in the second quarter that was little changed from a year ago, helped by low taxes, but said its target for a slight increase in full-year net profit had become “significantly more ambitious”.
Net profit of 271 million euros ($303.79 million) in the quarter was better than the 217 million euros expected by analysts and compares with 272 million euros a year earlier.
($1 = 0.8921 euros)
Reporting by Tom Sims, editing by Riham Alkousaa