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Deutsche Bank on Wednesday crushed market expectations for the third quarter, amid higher interest rates and turbulent market trading.
The bank reported a net income of 1.115 billion euros ($1.11 billion) for the quarter. Analysts had predicted a net profit of 827 million euros, according to data from Refinitiv.
“We are seeing the benefit of interest rates come through in our corporate bank and private bank, essentially those with large deposit books and we are seeing our FIC [fixed income and currencies] business managing this environment extremely well,” James von Moltke, CFO of Deutsche Bank, told CNBC’s Joumanna Bercetche.
CEO Christian Sewing said in a statement that the bank is “well…
Source cnbc.com
