Deutsche Bank beats expectations to post eighth straight quarter of profit


Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion).

The German lender exceeded consensus expectations among analysts aggregated by Refinitiv of a 960.2 million euro profit, and vastly improved on the 692 million euro profit for the same period last year.

Here are some other highlights for the quarter:

  • Total revenues stood at 6.6 billion euros, up 7% from 6.2 billion for the same period last year.
  • Total expenses were 4.87 billion euros, down 3% from 4.998 billion for the second quarter of 2021.
  • Return on tangible equity was 7.9%, up from 5.5% a year ago.
  • CET1 capital…

Source cnbc.com

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