Commerzbank has returned to profit in Q1.

Commerzbank, the second German bank, publishes quarterly results better than expected thanks to the good health of its trading activities, lower risk costs and the absence of impairment of assets "toxic" .
Its net profit reached 708 million euros in the first three months of the year while the group had posted a loss of 864 million over the same period last year.
Commerzbank, the German government had to bail out massively during the crisis, has significantly exceeded the estimates of analysts, who expected a net profit of 473 million euros.
Operating earnings, which the group defines as earnings before depreciation, tax and restructuring, reached 771 million euros, against an operating loss of 595 million a year earlier.
The results have benefited from buoyant markets at the beginning of the year, improvement commissions and net interest income, as well as lower provisions for bad debts.
"We have not reached our goals, but positive results show that 'Roadmap 2012' is on track," said Chief Executive Martin Blessing, referring to the group's strategic plan.
"The core banking business end 2010 operating earnings, as expected. By 2011, we will be profitable again in the group. In 2012, we will fully profitable with an operating profit of more than four billion euros, "he added.
The results of Commerzbank, however, remain below those of the leading investment bank like Deutsche Bank, Goldman Sachs and Morgan Stanley, which saw their profits rise sharply in the first quarter.