Börse im Blick: Quartalszahlen aus zwei mutmaßlich unattraktiven Branchen überraschen

In the third quarter of the fiscal year, the financial world witnessed surprising results from two seemingly stagnant industries. Deutsche Bank and BASF, both of which typically dominate conversations in the DAX, defied expectations.

Deutsche Bank reported a net profit of 1.6 billion euros in July through September, surpassing analysts' projections. The bank's growth drivers include record inflows in asset management and robust performance in both private and corporate banking. The net interest income amounted to 3.7 billion euros. Deutsche Bank extended more loans and benefited from rising interest rates in Europe and the United States.

BASF, Europe's largest chemical manufacturer, has raised its profit forecast for the second consecutive year. The company capitalized on the consequences of the Iran war, successfully increasing its sales prices. Asian competitors were particularly affected due to supply chain issues, including a temporary blockade of the Hormuz Strait. BASF's interconnected production sites, where intermediate products are processed directly, contribute to the company's resilience.