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Deutsche Bank Q3 Pre-tax Profit Rises, Sees Revenue Growth In FY23; Stock Up

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Deutsche Bank AG shares were gaining around 7 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German banking major on Wednesday reported higher pre-tax profit in its third quarter, the highest for any third quarter since 2006, driven by revenue strength. On an after tax basis, profit declined.

Looking ahead for fiscal 2023, the bank expects revenues of around 29 billion euros, higher than prior year's revenues of 27.2 billion euros.

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