Deutsche Bank’s second-quarter net profit beats expectations of €1.48 billion

Deutsche Bank’s net profit beat expectations, and the company said it was on track to meet its full-year targets despite mixed results at its core investment banking unit and gains in the euro against the dollar.

Net profit attributable to shareholders was €1.48 billion ($1.7 billion) in the second quarter, compared to a Reuters forecast of €1.2 billion.

This compares with a €143 million loss in the quarter ending June 2024, when earnings were negatively impacted by legal provisions related to Deutsche Bank’s acquisition of Postbank.

Revenue for the period was €7.804 billion, in line with the average analyst forecast of €7.76 billion issued by the London Stock Exchange Group.

Profit before tax was €2.4 billion in the second quarter, up 34% year-on-year.