November 9, 2017 / 6:10 AM / a month ago

Commerzbank swings to net profit in Q3 despite amid weak markets

FRANKFURT, Nov 9 (Reuters) - Commerzbank swung to a net profit in the third quarter despite weak markets as the German lender focuses on a major overhaul.

The 472 million euro ($547.7 million) net profit at Germany’s second-largest lender after Deutsche Bank was broadly in line with analysts’ expectations for a profit of 477 million euros, according to a Reuters poll of banks and brokerages.

$1 = 0.8618 euros Reporting by Tom Sims; Editing by Maria Sheahan

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