Deutsche Bank Beats Profit Expectations Despite Deal Fall
HESSE, GERMANY, JUL 24 – Deutsche Bank posted a net profit of €1.48 billion driven by investment banking and asset management despite currency challenges and trade uncertainties, beating analyst forecasts.
- On Thursday in Germany, Deutsche Bank reported its Q2 net profit, topping analysts' forecasts.
- Following major restructuring, the bank's revenues surged, driven by gains in investment banking up 3% and asset management up 9%.
- Shares jumped around 6% in early Frankfurt trading after Deutsche Bank's revenues fell 29% in origination and advisory and dipped 1% in corporate banking, sending shares higher on the Frankfurt Stock Exchange.
- `Puts us on track to meet our 2025 targets`, said CEO Christian Sewing, adding the group will cut costs this year.
- Midway through its three-year plan, these results face risks as Bundesbank President Joachim Nagel warned of a possible 2025 recession if August tariffs materialise.
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Deutsche Bank obtained a net assigned profit of €3,260 million until June, peak since 2007.
Only in the first half of the year Deutsche Bank earns three times as much as in the entire previous year. The bank reports that the highest profits have been recorded since 2007.
Deutsche Bank earned surprisingly much in the second quarter. The largest German money house wrote a profit of 1.5 billion euros - as much as it hasn't since the financial crisis 18 years ago.

Deutsche Bank posts bumper profits, shares soar
Deutsche Bank on Thursday reported its highest second-quarter profit since 2007 and said it was on track to meet annual targets, sending shares in Germany's biggest lender soaring.
Germany's largest bank reports the highest quarterly profit since the financial crisis - also thanks to good business in investment banking. After years of crisis, the money house sees its goals within reach.
The second quarter also ran remarkably well at Deutsche Bank: it earned about as much before taxes in the first half of the year as in the entire year 2024. Group CEO Christian Sewing wants to achieve ambitious goals.
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