Commerzbank AG Issues H2 FY 2012 Net Profit Guidance Below Analysts' Estimates

Commerzbank AG announced that it expects the net profit in the second half of the fiscal year 2012 to be below the net profit of the first six months of the fiscal year 2012. For the first quarter of the fiscal year 2012 the Company reported net profit of EUR 369 million, and for the second quarter of the fiscal year 2012 the Company reported net profit of EUR 275 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report third quarter of the fiscal year 2012 net profit of EUR 426 million and fourth quarter of the fiscal year 2012 net profit of EUR 261 million.