Commerzbank flags 2019 profit drop amid weak economy, higher taxes
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FRANKFURT (Reuters) - Germany's Commerzbank AG warned that its 2019 profit would come in lower than last year after the lender posted a 35% jump in its third-quarter net profit on Thursday.The state-backed bank, noting a weaker global economy, also said revenue was no longer expected to be higher in 2019.The lender cited trade conflicts, the negative impact of monetary policy in the euro zone, and expectations for a higher tax rate in the fourth quarter."Consolidated net income for the 2019..