Commerzbank Posts Q1 Net Loss

Commerzbank AG

posted a net loss in the first quarter. Commerzbank posted a quarterly net loss of 94 million euros ($123.3 million), versus a year-ago net profit of EUR355 million. However, analysts were expecting a loss of EUR94 million. Its operating profit dropped 19% to EUR469 million. Commerzbank shares closed at $14.24 yesterday.