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Germany’s Commerzbank on Wednesday reported a drop in second-quarter profit despite an increase in revenues, while reaffirming its optimistic fiscal 2024 outlook. In the second quarter, consolidated net profit dropped 4.8% to €538 million from last year’s €565 million. Operating result was at €870 million, down 2% from €888 million a year ago. Total revenues for the quarter improved 1.5% to €2.67 billion from prior year’s €2.63 billion, with strong contributions from customer business. Adjusted revenues were €2.82 billion, up 7.4% from last year. Net commission income improved 4.5% to €879 mil…

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