logo
  

Deutsche Bank Q2 Profit Climbs, Reaffirms FY22, FY25 View - Quick Facts

German banking major Deutsche Bank AG (DB) reported Wednesday that its second-quarter profit attributable to shareholders climbed 51 percent to 1.05 billion euros from last year's 692 million euros.

Profit before tax was 1.55 billion euros, its highest second-quarter profit since 2011, and was up 33 percent from last year's 1.17 billion euros.

Core Bank profit before tax grew 21 percent from last year to 1.7 billion euros.

Net revenues went up 7 percent to 6.65 billion euros from prior year's 6.24 billion euros, driven by growth across all core businesses.

Looking ahead, Deutsche Bank reaffirmed 2022 revenue guidance of 26 billion euros to 27 billion euros, despite the deterioration in the macro-economic environment seen in the second quarter and expectations for a more challenging second half of the year.

Further, the bank reaffirmed the goals of its strategy of sustainable growth through 2025. For 2025, the bank targets compound annual revenue growth of 3.5-4.5 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration said it now intends to review only a small subset of new emergency use authorization or EUA requests for diagnostic tests. As per an updated COVID-19 test policy with a view to ensure continued access to tests, the regulator further urged developers of all test types seeking marketing authorization to pursue traditional premarket review for most test types. Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases.
Follow RTT