Deutsche Bank Achieves Record Profit Driven by Investment Banking Performance
Deutsche Bank reported a record second-quarter profit of €1.9 billion, with revenue beating expectations at €8.48 billion, largely attributed to strong performance in its investment banking division. The bank also announced plans for a new €500 million share buyback program.
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Deutsche Bank CFO Akram Sees Trading Momentum Continue
Deutsche Bank said second-quarter fixed-income trading revenue rose 16% from a year earlier to a record €2.6 billion, beating analyst estimates and outperforming most of its Wall Street peers. Speaking to Bloomberg Television's Oliver Crook, Chief Financial Officer Raja Akram said trading has continued that momentum into July, describing the start of the month as "constructive." He added that the "pipelines look pretty full" on both the markets and investment banking sides and said the bank w...
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