Deutsche Bank's Q3 net profit rose 42% to €1.461bn, driven by reduced litigation reserves and strong investment banking.
Deutsche Bank reported a third-quarter net profit of €1.461 billion ($1.58 billion), a 42% increase from last year, driven by reduced litigation reserves and strong investment banking performance. The bank's profit before tax rose 31% to €2.26 billion, surpassing analyst forecasts. CEO Christian Sewing emphasized progress in resolving legacy issues and announced plans for share buybacks. Deutsche Bank is on track to meet its 2024 revenue target of €30 billion.
October 23, 2024
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