Overview

• Deutsche Bank posted a net profit of €1.485 billion in Q2, surpassing the €1.2 billion consensus forecast and marking its best second quarter since 2007.
• The bank generated €7.804 billion in revenue, in line with analysts’ expectations.
• Investment banking revenue rose 3% year on year to €2.687 billion, while asset management sales climbed 9%.
• Retail banking revenue grew 2% during a restructuring that includes 2,000 planned job cuts, and corporate banking revenue fell 1% due to exchange-rate effects.
• Shares jumped about 6% in early Frankfurt trading and CEO Christian Sewing said the results put the bank on track to meet its 2025 targets.