02.11.2017
The online bank comdirect has mastered a quarter characterized by low interest rates and quiet financial markets.
Earnings before taxes increased in the third quarter compared to the same period last year by 13 percent to 21.5 million euros, as the Commerzbank subsidiary announced on Thursday in Quickborn near Hamburg. The bottom line was 15.5 million euros left. On the trading platform Tradegate, the price was slightly higher than the previous day's Xetra close.
"In view of the difficult market environment, we have achieved a very decent result," said CEO Arno Walter. "We have a firm eye on the earnings target for 2017 of 85 million euros before taxes for the first half of the year". However, that is less than the bank had earned in the previous two years.
The entire industry is currently bogged down by low interest rates and quiet financial markets - when investors take less action, they lose money. Compared to comdirect bank, the costs have been increased. The management justified the increase in the first nine months with expenses for the integration of the acquired financial portal and online broker Onvista, a sales campaign and expenses for the tightened regulation.
comdirect is listed on the stock exchange and belongs to 82 per cent of Commerzbank, which presents its business figures this Thursday (9 November). By late summer, the investment company Petrus Advisers had joined the online bank and caused a stir. In an open letter to Commerzbank CEO Martin Zielke, Peter spoke of cost problems, a lack of growth strategy and questionable management compensation at comdirect. The Commerzbank had rejected the allegations. / Das / she / oca
http://www.finanzen.net/nachricht/aktien/commerzbank-tochter-comdirect-sieht-sich-in-schwierigem-fahrwasser-auf-kurs-5789263
Recent CRZBY News
- Commerzbank Gets Cyptocurrency Custody Licence • Dow Jones News • 11/15/2023 12:57:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM