Deutsche Bank's pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition
James Von Moltke, CFO of Deutsche Bank, discusses earnings for the German bank with CNBC.
Deutsche Bank Chief Financial Officer James von Moltke discusses third-quarter earnings, the lender's buyback plans, as well as the banking consolidation landscape in Europe. Von Moltke also talks about the German economy, tariffs and trade relationships with China and the United States, and Mario Draghi's competitiveness report.
Deutsche Bank AG (NYSE:DB) reported record third-quarter profits and said it is looking to conduct more share buybacks. Underlying operating profit before tax was increased 6% to €1.8 billion.
Deutsche Bank, Germany's largest lender, returned to profit in the third quarter, reporting a net income of €1.461 billion ($1.58 billion) attributable to shareholders. This surpasses the €1.047 billion forecast by analysts polled by LSEG.
Germany's largest lender reported a better-than-expected rise in its third-quarter profit on growth in its investment-banking division and the partial release of provisions linked to litigation over its Postbank acquisition.
Deutsche Bank swings back to profit in the third quarter, beating expectations
Deutsche Bank bounced back to profit in the third quarter, as it released reserves set aside for investor lawsuits over its Postbank division and as its global investment bank fired on all cylinders.
Nicole Deblase, Deutsche Bank research analyst, joins 'Money Movers' to discuss the firm's thoughts on GE Vernova.
Deutsche Bank has revised its outlook for Stellantis NV (NYSE:STLA, EPA:STLA), cutting the target price to €14 from €23, driven by expectations of a significantly weaker third quarter. Analysts at the bank anticipate a decline in revenues due to softer volumes and pricing in North America, as Stellantis moves to reduce its inventories by cutting production and lowering prices on certain models.
Deutsche Bank AG Inc. DB shares are trading lower on Monday. A new Bloomberg report suggests a shareholder is preparing to sell 16 million shares, valued at approximately $279 million, of the German lender.
Borrowers could face additional financial stress if their credit scores are affected.