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Deutsche Bank Q3 Profit Soars, AuM Down; To Meet FY22 Goals; Stock Down

German banking major Deutsche Bank AG reported Wednesday that its third-quarter profit grew more than threefold with higher revenues and weak expenses. Profit before tax was its highest third quarter result since 2006. Meanwhile, Assets under management declined. The bank said it is on track to meet fiscal 2022 outlook.

Deutsche Bank shares were losing around 2 percent in the morning trading in Germany, and more than 1 percent in pre-market activity on the NYSE.

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by RTTNews Staff Writer

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