Deutsche Bank Q3 net profit down 8%, but better than expected
© Reuters. FILE PHOTO: The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo
Net profit attributable to shareholders was 1.031 billion euros . That compares with profit of 1.115 billion euros a year earlier, and is better than analyst expectations for profit of around 937 million euros. The figures underscore trends in global banking emerging from a slew of mixed earnings reports that have shown investment banks struggling - with deal activity muted and trading sluggish - while higher interest rates prove a boon to other divisions.
But the earnings come as the investment bank faces uncertain business prospects in the coming quarters and as the retail division draws the scorn of regulators after it botched the integration of its Postbank arm, leaving customers complaining that they were locked out of their accounts and unable to reach call centres.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Deutsche Bank net profit slides 8% in third quarter but beats expectationsDeutsche Bank reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations.
Leer más »
Deutsche Bank Q3 net profit down 8%, but better than expectedDeutsche Bank (DBKGn.DE) posted an 8% drop in third-quarter profit, not as steep as analysts had expected, as revenue at the investment bank slumped but grew at the retail and corporate divisions on the back of higher interest rates, figures on Wednesday showed.
Leer más »
Deutsche Bank and SC Ventures complete first stablecoin swaps on UDPN: reportStandard Chartered Bank's SC Ventures and Deutsche Bank have completed the first stablecoin swaps on the UDPN.
Leer más »
FDIC Inspector General’s Signature Bank report flags missed opportunities by regulators ahead of bank failureSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Leer más »
Deutsche Telekom, MultiversX Teamed Up for Novel Web3 ExperiencesDeutsche Telekom becomes MultiversX validator to strengthen blockchain infrastructure
Leer más »