Deutsche Bank's profits rose a stronger than expected 7% in the third quarter, the bank's fifth straight quarter in the black as fees for advising on deals partly made up for a drop in trading revenue.
Q3 net attrib profit 194 million euros vs f'cast 135 mlnShares down 6%, retreat from four-month high previous dayprofits rose a stronger than expected 7% in the third quarter, the bank's fifth straight quarter in the black as fees for advising on deals partly made up for a drop in trading revenue.
Net profit attributable to shareholders rose to 194 million euros from 182 million a year earlier and beat the 135 million expected by analysts, based on forecasts published by Deutsche. Analysts at JPMorgan said the results were strong and showed the bank was "on the right path to deliver on its strategic ambitions".
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