Deutsche Bank Reports Strong Q3 Profit, Defying Expectations

Germany's largest lender bounces back from a Q2 loss, aided by litigation settlements and robust investment banking performance.

Deutsche Bank's Q3 net profit reached 1.461 billion euros, surpassing analyst predictions of 1.047 billion euros.
The bank's revenue for the quarter was 7.5 billion euros, exceeding forecasts of 7.338 billion euros.
A partial release of litigation provisions related to a long-standing Postbank acquisition lawsuit contributed to the profit surge.
The bank's investment banking sector showed strong results, offsetting weaker performance in retail banking.
Deutsche Bank is on track to meet its annual targets, aiming for 30 billion euros in revenue by the end of 2024.