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Deutsche Bank beats profit expectations despite deal fall

Deutsche Bank returned to a better-than-expected profit in the second quarter from a year ago despite mixed results at its global investment banking division and a hit from the jump in the euro's value.

Business • 24 Jul

Deutsche Bank, Germany's largest lender, recorded net profits of €1.78 billion in the first quarter, compared to €1.28 billion a year earlier

Deutsche Bank posts 39% rise in Q1 profit, tariffs weigh

Deutsche Bank has today posted a 39% rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets.

Business • 29 Apr

Deutsche Bank extends CEO's mandate and revamps board

Deutsche Bank has extended CEO Christian Sewing's contract, while its deputy and another top executive will depart as part of a management revamp, cementing the leadership team of Germany's largest lender for the next phase of its turnaround.

Business • 28 Mar

The leader of Germany's Christian Democrats Friedrich Merz faces complex and lengthy coalition negotiations

Corporate bosses urge Berlin to quickly move on economy

German business leaders have called on Berlin to quickly form a new government, warning Europe's top economy could not afford to waste any time as companies suffer from high costs, red tape and rising competition from abroad.

Business • 24 Feb

Deutsche Bank, Germany's largest lender, said it has abandoned a key cost target

Deutsche Bank posts weaker-than-expected Q4 profits

Deutsche Bank has today posted a bigger than expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.

Business • 30 Jan

Christian Sewing, the CEO of Germany's Deutsche Bank

Deutsche Bank CEO says German economy needs urgent action

Germany's struggling economy needs urgent action to boost its competitiveness, Deutsche Bank's CEO said today, calling for structural reforms, less regulation and lower taxes on companies.

Business • 04 Dec 24

Deutsche Bank's net profit attributable to shareholders came in at €1.461 billion in the quarter, 42% more than a year earlier and in line with expectations

Deutsche Bank returns to quarterly profits

Deutsche Bank bounced back to profit in the third quarter, as it reduced reserves set aside for investor lawsuits over its Postbank division while its global investment bank fired on all cylinders.

Business • 23 Oct 24

Deutsche Bank has posted a loss of €143m for the second quarter - its first loss in four years

Deutsche Bank's profit streak ends with lawsuit provision

Deutsche Bank has today posted its first loss in four years in the second quarter after setting aside €1.3 billion as a provision for a protracted investor lawsuit over its Postbank acquisition.

Business • 24 Jul 24

Today's figures marked the 15th consecutive quarter of profit for Deutsche Bank

Deutsche Bank's first quarter profit jumps 10%

Deutsche Bank has today posted a better than expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.

Business • 25 Apr 24

Deutsche Bank said its full-year profit fell to €4.21 billion from €5.03 billion a year earlier, but beating analyst expectations for €3.664 billion

Deutsche Bank to cut 3,500 jobs as profits fall

Deutsche Bank said today it would cut 3,500 jobs, buy back shares and pay dividends, in its latest pitch to investors that its turnaround remains on track.

Business • 01 Feb 24

Deutsche Bank is slightly more optimistic on its revenue outlook for the full year, forecasting it would reach €29 billion - the top end of its previous guidance range

Deutsche Bank shares up as it flags dividends, buyback

Deutsche Bank has today promised more share buybacks next year and said it may return more capital to investors than it had previously envisaged, sparking a jump in its shares.

Business • 25 Oct 23

The German regulator has already had in place a monitor at Deutsche Bank to oversee money laundering controls since 2018

German regulator installs monitor at Deutsche Bank

Germany's top financial regulator is appointing a special monitor to Deutsche Bank to oversee the lender's handling of consumer service problems at its Postbank unit, a blow to the reputation of the nation's top bank.

Business • 02 Oct 23

Deutsche Bank's retail division became its biggest revenue generator during the second quarter

Deutsche Bank Q2 profit falls 27% on investment slump

Deutsche Bank has today posted a 27% fall in second-quarter profit as investment banking revenues slumped and warned of the need for cost cuts even though higher interest rates fuelled gains at its retail division.

Business • 26 Jul 23

Deutsche Bank's net profit was €1.803 billion in the three months ended December 31, compared with €145m a year earlier

Deutsche Bank's Q4 profit surges

Deutsche Bank has reported a surge in fourth-quarter earnings, exceeding expectations and contributing to a third consecutive year of profit that was helped by higher interest rates and buoyant trading.

Business • 02 Feb 23

The German bank said its net profit for the third quarter came in at €1.115 billion, up from profits of €194m a year ago

Deutsche Bank reports big jump in quarterly profits

Deutsche Bank has today posted a better than expected 475% jump in third-quarter profit as investment banking revenues rose thanks to a trading boom and despite a slump in dealmaking.

Business • 26 Oct 22

Deutsche Bank warned today that the current environment is increasingly challenging, and cost pressures have intensified

Deutsche Bank extends quarterly profit streak

Deutsche Bank has today posted a better than expected 17% climb in first-quarter profit as investment banking revenues rose, but it warned that the Russia-Ukraine conflict could hurt full-year results.

Business • 27 Apr 22

Deutsche Bank's CEO Christian Sewing was paid €8.8m last year

Deutsche Bank bucks trend as it maintains Russian ties

Deutsche Bank said it was not withdrawing completely from Russia, drawing anger from investors and contrasting with Wall Street banks which are severing ties with the country over its invasion of Ukraine.

Business • 11 Mar 22

The 2021 profit was the second annual profit in a row following years of losses

Deutsche Bank makes biggest annual profit in a decade

Deutsche Bank capped its most profitable year in a decade on the back of a dealmaking boom, strengthening chief executive Christian Sewing's hand as he prepares to lay out a new strategy and targets for the years ahead in March.

Business • 27 Jan 22

Deutsche Bank said its net profit attributable to shareholders was €194m, compared with profit of €182m a year earlier

Deutsche Bank beats estimates with 7% rise in Q3 profit

Deutsche Bank has today posted a better-than-expected third-quarter 7% climb in profit, its fifth quarter in the black in a row despite a decline in investment banking revenue.

Business • 27 Oct 21

Deutsche Bank said it would aim for more female leaders within its ranks

Deutsche Bank sets targets for sustainable investments

German lender Deutsche Bank said today that it would pump more than €200 billion into so-called sustainable financing and investments by 2023, two years earlier than initially planned.

Business • 20 May 21

The German lender said its first-quarter net profit attributable to shareholders was €908m, which compares with a year earlier loss of €43m

Deutsche Bank swings to first quarter profit

Deutsche Bank swung to better-than-expected net profit in the first quarter of 2021 as strength at the investment bank helped offset the headwinds of an ongoing restructuring programme and the pandemic.

Business • 28 Apr 21

Bonuses at Deutsche Bank were up 29%, with the bank rewarding staff for a pandemic related trading boom

Deutsche Bank CEO 2020 pay up 46% as bank posts profit

Deutsche Bank paid chief executive Christian Sewing €7.4m in 2020, a 46% increase from a year earlier, as the bank eked out a profit after years of losses.

Business • 12 Mar 21

Deutsche Bank saw strong gains at its investment banking division, the German lender said today

Deutsche Bank swings to net profit in 2020

Deutsche Bank swung to a small annual profit in 2020, its first since 2014, on the back of strong gains at its investment banking division, the German lender said today.

Business • 04 Feb 21

Deutsche Bank has about $340m in loans outstanding to the Trump Organization

Deutsche Bank looks at ways to cut ties with Trump

Deutsche Bank is looking for ways to end its relationship with President Donald Trump after the US elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter.

Business • 04 Nov 20

Deutsche Bank has reported a surprise swing into net profit in Q3

Deutsche Bank swings to surprise profit in Q3

Deutsche Bank has today reported a surprise swing into net profit in the third quarter and upgraded the revenue outlook for its investment bank, even as it navigates an ongoing restructuring and the coronavirus pandemic.

Business • 28 Oct 20