Deutsche Bank Posts Surprisingly Strong Q2 Preliminary Results for 2018

[kreslik.news]

Deutsche Bank AG has unexpectedly released its preliminary second quarter 2018 results today. Not only was the release unexpected, but the results themselves also surprised investors, with Q2 earnings forecast to be higher than market expectations.

The Frankfurt-based bank expects a net income of around €400 million. Before income taxes, the bank foresees an income of €700 million. This is much higher than analysts consensus. 

In response to the higher than expected results, shares rose as much as 9.3%. This was the highest increase since April 2016. Around midday in Frankfurt shares were trading at 7.2% higher.

Before today, ... (read more)