The result was partly helped by a decrease in provisions set aside to cushion fallout from the coronavirus pandemic, while costs related to the bank's ongoing overhaul kept a lid on profit. Net profit attributable to shareholders rose to 194 million euros ($225 million) from 182 million a year earlier and beat the 135 million expected by analysts, based on forecasts published by Deutsche. Its shares were down 6% by early afternoon having hit a four-month high the previous session. Investors, however, balked at the bank's reliance on volatile money spinners. competitors, is a victory for Chief Executive Office Christian Sewing, who in 2019 embarked on a 9 billion euro ($10 billion) overhaul of the German bank after a series of regulatory failings and billions in losses logged over the previous decade. The profit, while a fraction of that of major U.S. Shares down 6%, retreat from four-month high previous dayįRANKFURT, Oct 27 (Reuters) - Deutsche Bank's (DBKGn.DE) 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.5th straight qtr of profit, longest streak in black since 2012.
