A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia.
Andrey Rudakov | Bloomberg | Getty Images
Deutsche Bank on Wednesday reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations, despite an 8% fall on the previous year.
Analysts had expected a quarterly net profit attributable to shareholders of 997 million euros, according to LSEG data.
Net profit was 35% higher on the prior quarter despite the year-on-year dip.
For the same period in 2022, the German lender recorded a net profit of 1.115 billion euros on the back of higher interest rates and increased market volatility that boosted its fixed income and currencies trading business.