STOCKS NEWS EUROPE-Commerzbank down on loss provisions

Shares in Germany's second-biggest lender Commerzbank (CBKG.DE) drop 3.5 percent to the bottom of Frankfurt's largecap index .GDAXI, after the company says it expects third-quarter loan-loss provisions to rise to 1.05 billion euros ($1.55 billion) from 628 million in the year-earlier period.

"The higher than expected risk provisions were offset by a higher trading profit. Nevertheless we are concerned about the deteriorated asset quality and stick to our "Sell" rating with a target price of 4.00 euros," Equinet writes.

Commerzbank also continues to expect a net loss for the full year. For more double click on [ID:nL590647], [ID:nL5376223]

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net

($1=.6782 Euro)