Commerzbank reports fivefold Q4 beat thanks to consumer business

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Commerzbank said its net profit came in at 421 million euros ($478.05 million) in the fourth quarter, compared with the loss of 2.7 billion euros ir reported for the same period a year earlier due to restructuring charges.

Analysts had on average expected a profit of 81 million euros, according to a consensus forecast published by Commerzbank.

($1 = 0.8807 euros)