Salem Radio Network News Monday, September 20, 2021

Business

Deutsche Bank swings to better-than-expected second-quarter net profit

FRANKFURT (Reuters) – Deutsche Bank swung to a better-than-expected second-quarter profit despite a decline in investment banking revenue and some unexpected costs, figures on Wednesday showed.

Net profit attributable to shareholders was 692 million euros ($817.9 million). That compares with a loss of 77 million euros a year earlier, and it is better than analyst expectations for profit of 372 million euros.

It was the fourth consecutive quarter of profit, the bank’s longest streak in the black since 2012.

($1 = 0.8460 euros)

(Reporting by Tom Sims and Patricia Uhlig, editing by Kirsti Knolle)

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