HALISTER: Deutsche Bank Second Quarter Net Income Beats Estimates

Deutsche Bank Second Quarter Net Income Beats Estimates

(Bloomberg) -- Deutsche Bank reported net income for the second quarter that beat the average analyst estimate.
  • 2Q net income EU447 million, estimate EU311.3 million (range loss EU185 million to profit EU550 million)
  • 2Q net revenue EU6.6 billion, estimate EU7.1 billion (range EU6.62 billion to EU7.43 billion)
  • 2Q pretax profit EU822 million
  • 2Q non-interest expenses EU5.7 billion
  • 2Q litigation costs EU26 million
  • 2Q CIB revenue EU3.72 billion
  • 2Q CIB pretax profit EU543 million
  • CET1 Ratio at 14.1% at Quarter End Pro Forma
  • CEO: Good Progress in Bringing Costs down
  • Profitability Falls Short of Longer Term Targets
  • Cryan: Rev Not as Universally Strong as Would Have Liked
NOTE:
  • 8 buys, 13 holds, 13 sells before today
Statement This story was produced with the assistance of Bloomberg Automation.

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DBK GR (Deutsche Bank AG)

People
Jasmin Braun (Deutsche Bank AG)
John Andrews (Deutsche Bank AG)
John Michael Cryan (Deutsche Bank AG)

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