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Deutsche Bank net profit slides 8% in third quarter but beats expectations

Deutsche Bank reported a third-quarter Net Profit of €1.031 billion, which slightly exceeded expectations, despite an 8% decline compared to the previous year. Analysts had predicted a net profit of €997 million. However, the bank's net profit was 35% higher than the previous quarter. In the same period in 2022, Deutsche Bank recorded a net profit of €1.115 billion due to increased market volatility and higher interest rates, which benefited its fixed income and currencies trading business.

The post Deutsche Bank Net Profit Slides 8% in third quarter but beats expectations appeared first on Balanced News Summary.



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