Interim balance: Deutsche Bank achieves billion-euro profit in the third quarter
Germany's largest bank remains on record high. The latest interim balance sheet is even better than expected by experts. The profits are particularly high in one area.
Deutsche Bank reported a staggering billion-euro profit in the most recent quarter, surpassing analysts' expectations. The bank's earnings before tax surged by 8% year-on-year to nearly 2.6 billion euros, while net profit attributable to shareholders grew by just 1% to 1.6 billion euros. Deutsche Bank, the largest German lender, disclosed these figures to the media on Wednesday.
Analysts had predicted a profit of around 2.4 billion euros and a net profit of 1.4 billion euros. Revenue, the total income generated, also exceeded expectations, peaking at 8.3 billion euros, slightly better than the average analyst estimate of 8.2 billion euros. "We are delighted to have achieved a record profit for the third consecutive quarter," said Group CEO Christian Sewing, emphasizing that the bank is well on track to meet its 2026 targets.
The bank now anticipates "outperforming the projected earnings level of around 33 billion euros for the full year 2026," according to the announcement.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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