Deutsche Bank beats expectations to post eighth straight quarter of profit

Summary by Ground News

Deutsche Bank posts better-than-expected second-quarter profit. Investment banking revenues rose, but revenue from origination and advisory business declined 63% in the quarter. Chief Executive Christian Sewing wrote to staff that they should be proud of the results but sounded bleak about the near-term economic outlook.

Published 4 months ago · Berlin, Germany Photography CNBC

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Reuters

Deutsche Bank raises 51% profit in second quarter Warning for economic outlook

[Frankfurt 27th Reuters] - The second quarter financial results announced by Deutsche Bank on the 27th exceeded expectations, with a 51% increase in profit. Sales in the investment banking sector increased. However, the year-round outlook for the sector was lowered, which sounded an alarm for the future of the economy. The German economy is highly dependent on Russian energy, and if there is a shortage of supply, it is expected that it will be h…

4 months ago·United Kingdom

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Independent.ie

Deutsche Bank warns of costs as inflation headwinds build

Deutsche Bank AG scrapped an efficiency target for the year and warned a key profitability goal was getting harder to reach, as the economy weakens and the war in Ukraine, surging inflation and litigation drive up expenses.

4 months ago·Ireland

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IBTimes

Deutsche Bank Extends Profit Streak In Q2 But Warns On Economy

Deutsche Bank posted a better-than-expected 51% rise in second-quarter profit on Wednesday as investment banking revenues rose, though the lender was less optimistic about the division's prospects for the full year and warned about the economic outlook.

4 months ago·United States

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CNBC

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).

4 months ago·United States

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RTÉ

Deutsche Bank extends profit streak in second quarter

Deutsche Bank posted a better-than-expected 51% rise in second-quarter profit today as investment banking revenues rose, though the lender was less optimistic about the division's prospects for the full year and warned about the economic outlook.

4 months ago·Ireland

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