Commerzbank Q1 Net Profit Drops 63%

Commerzbank AG CRBZY reported a drop in its first-quarter net profit. Commerzbank's quarterly net profit fell 63% y/y to EUR369 million, from EUR985 million. Its operating profit dropped around 50% to EUR584 million. Its net interest income fell 17% to EUR1.43 billion. Commerzbank shares closed at $2.04 yesterday.