Deutsche Bank AG (DB: Quote) said its net income for the second quarter declined to 661 million euros from 1.2 billion euros in the year-ago quarter. Earnings per share fell to 0.68 euros from 1.24 euros in the prior-year quarter.
Net revenues for the three-month period were 8 billion euros versus 8.5 billion euros last year.
Jürgen Fitschen and Anshu Jain, Co-Chairmen of the Management Board and the Group Executive Committee, stated, "In the second quarter, the Bank's performance was impacted by a volatile environment. The European sovereign debt crisis continues to weigh on investor confidence and client activity across the bank. Our core tier 1 ratio was 10.2% at the end of the second quarter, well in excess of the 9% threshold set by the European Banking Authority for June 2012."
Click here to receive FREE breaking news email alerts for Deutsche Bank AG and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News