Deutsche Bank Returns to Profit in Third Quarter

Reuters10-23

FRANKFURT (Reuters) - 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.

Deutsche Bank shares jumped 5% in overnight trading.

A 15-quarter profit streak at Germany's largest lender was interrupted in the second quarter after it made a large provision for the lawsuits, pushing the bank into loss. But Deutsche has since settled some of the suits and released 440 million euros ($475 million) of those provisions in the third quarter, lifting profit.

Deutsche Bank also said it was applying for a share buyback, a move that was on hold because of its issues with Postbank.

The bank's net profit attributable to shareholders was 1.461 billion euros ($1.58 billion) in the quarter, figures showed on Wednesday. That compares with a profit of 1.031 billion euros a year earlier and a loss of 143 million euros in the second quarter.

It is slightly better than analyst expectations for a profit of around 1.4 billion euros.

($1 = 0.9258 euros)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

3

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477326671?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 14:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477326671","market":"us","top_or_hot":-1,"title":"Deutsche Bank Returns to Profit in Third Quarter","media":"Reuters","content":"<html><head></head><body><p>FRANKFURT (Reuters) - 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.</p><p>Deutsche Bank shares jumped 5% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/df43713b524e566d8c668e1dd40651ee\" tg-width=\"841\" tg-height=\"828\"/></p><p>A 15-quarter profit streak at Germany&#39;s largest lender was interrupted in the second quarter after it made a large provision for the lawsuits, pushing the bank into loss. But Deutsche has since settled some of the suits and released 440 million euros ($475 million) of those provisions in the third quarter, lifting profit.</p><p>Deutsche Bank also said it was applying for a share buyback, a move that was on hold because of its issues with Postbank.</p><p>The bank&#39;s net profit attributable to shareholders was 1.461 billion euros ($1.58 billion) in the quarter, figures showed on Wednesday. That compares with a profit of 1.031 billion euros a year earlier and a loss of 143 million euros in the second quarter.</p><p>It is slightly better than analyst expectations for a profit of around 1.4 billion euros.</p><p>($1 = 0.9258 euros)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Returns to Profit in Third Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Returns to Profit in Third Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/deutsche-bank-returns-profit-third-050150733.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FRANKFURT (Reuters) - 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 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/deutsche-bank-returns-profit-third-050150733.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DB","symbol_name":"德意志银行","start_time":0,"source_url":"https://finance.yahoo.com/news/deutsche-bank-returns-profit-third-050150733.html","article_id":"2477326671","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477326671","pubTimestamp":1729663224,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"FRANKFURT  - 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.The bank's net profit attributable to shareholders was 1.461 billion euros  in the quarter, figures showed on Wednesday. That compares with a profit of 1.031 billion euros a year earlier and a loss of 143 million euros in the second quarter.It is slightly better than analyst expectations for a profit of around 1.4 billion euros.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DB":"德意志银行","BK4588":"碎股","BK4552":"Archegos爆仓风波概念","BK4566":"资本集团","BK4118":"综合性资本市场","BK4585":"ETF&股票定投概念"},"translate_title":"德意志银行第三季度恢复盈利","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DB":1},"content_text":"FRANKFURT (Reuters) - 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.Deutsche Bank shares jumped 5% in overnight trading.A 15-quarter profit streak at Germany's largest lender was interrupted in the second quarter after it made a large provision for the lawsuits, pushing the bank into loss. But Deutsche has since settled some of the suits and released 440 million euros ($475 million) of those provisions in the third quarter, lifting profit.Deutsche Bank also said it was applying for a share buyback, a move that was on hold because of its issues with Postbank.The bank's net profit attributable to shareholders was 1.461 billion euros ($1.58 billion) in the quarter, figures showed on Wednesday. That compares with a profit of 1.031 billion euros a year earlier and a loss of 143 million euros in the second quarter.It is slightly better than analyst expectations for a profit of around 1.4 billion euros.($1 = 0.9258 euros)","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477326671"}