Deutsche Bank Anticipates Accelerated Shareholder Returns After 3Q Revenue Rose

Deutsche Bank said it anticipates being able to accelerate and expand shareholder returns to 2025 and beyond after third-quarter revenue rose but net profit fell on rising costs and taxes.

The German bank said Wednesday that it made 1.03 billion euros ($1.09 billion) in attributable net profit for the period compared with EUR1.12 billion a year ago, on revenue that grew 3% to EUR7.13 billion. The result compares with expectations of EUR1.07 billion in net profit and EUR7.1 billion in third-quarter revenue, according to a bank-provided consensus of analysts’ average views.