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CORRECTED-Commerzbank swings to Q1 net profit despite restructuring

(Corrects headline and lead; Commerzbank swings to first quarter profit, not loss)

FRANKFURT, May 12 (Reuters) - Germany’s Commerzbank on Wednesday said that it swung to a first quarter profit as the lender undergoes a major restructuring, and it said its outlook for revenues in 2021 was rosier than it had earlier anticipated.

The net profit of 133 million euros ($161.22 million) in the first quarter compares with a loss of 291 million euros a year earlier. Analysts had expected a net loss of 131 million euros.

$1 = 0.8249 euros Reporting by Tom Sims and Patricia Uhlig; Editing by Riham Alkousaa

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