Stock Market Watch: Quarterly Figures from Two Presumably Unattractive Industries Surprise
The two stocks BASF and Deutsche Bank from the Dax are standing for a stock market trend from which long-term investors can draw some benefit.
The Deutsche Bank reported a net profit of 1.6 billion euros for the third quarter, exceeding analyst expectations, driven by its wealth management and private and corporate banking businesses. The bank's net interest income was 3.7 billion euros, boosted by rising interest rates in Europe and the US. Meanwhile, chemical giant BASF has raised its earnings forecast for the second time this year, benefiting from the impact of the Iran war and increased selling prices.
BASF's integrated production sites, such as its Ludwigshafen location, have helped the company weather supply chain issues affecting Asian competitors. The company's stock has risen 15% since the start of the US attack on Iran in spring 2026.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
