Christian Sewing, the new CEO of Deutsche Bank, speaks at Deutsche Bank’s annual shareholders meeting on May 24, 2018 in Frankfurt, Germany. Shareholders, frustrated by years of poor Deutsche Bank performance, are calling for Achleitner to step down.
Thomas Lohnes | fake images
LONDON – Deutsche Bank reported net income of € 692 million ($ 818 million) for the second quarter of this year.
Analysts had forecast a net profit of 328 million euros for the quarter, according to data collected by Refinitiv.
By comparison, the German lender had posted a net profit of € 908 million in the previous quarter, supported by strong performance in its investment banking division. However, recent reports suggested lower returns for this unit in recent months.
The shares are up about 18% so far this year.
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