May 13, 2020 / 5:06 AM / 22 days ago

Commerzbank swings to worse-than-expected Q1 loss

FRANKFURT, May 13 (Reuters) - Germany’s Commerzbank on Wednesday said that it swung to a first-quarter loss, as the lender undergoes a restructuring and deals with the fall-out of the coronavirus outbreak.

The net loss in the first quarter of 295 million euros ($319.99 million) compares with a net profit of 122 million euros a year earlier. It is worse than a consensus forecast for a 240 million euro loss

$1 = 0.9219 euros Reporting by Tom Sims; editing by Thomas Seythal

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