Tags: EU | Germany | Deutsche Bank

Germany's Deutsche Bank Sees Higher-than-expected Q2 Profit

Monday, 16 July 2018 05:38 AM

BERLIN (AP) — Germany's biggest bank, Deutsche Bank, says it foresees considerably higher-than-expected earnings for the second quarter — results that it says underline the company's "resilience."

The Frankfurt-based bank said Monday it expects net profit of about 400 million euros ($467 million) for the April-June period. The company said its brief preliminary earnings statement, ahead of a full earnings report July 25, was triggered under German regulatory rules by the fact the results are far above analysts' average forecast. For net income, that was 159 million euros.

The bank has struggled to cut costs and return to profit after three straight full-year losses. The latest figures appear to be good news for new CEO Christian Sewing, and the company said "management believes that these results demonstrate the resilience of the franchise."

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
Germany's biggest bank, Deutsche Bank, says it foresees considerably higher-than-expected earnings for the second quarter - results that it says underline the company's "resilience."The Frankfurt-based bank said Monday it expects net profit of about 400 million euros ($467...
EU,Germany,Deutsche Bank
130
2018-38-16
Monday, 16 July 2018 05:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved