In Spite Of The Corona-Crisis
Deutsche Bank profit in the third quarter
Analysts had expected a loss. However, Germany’s largest money house was able to finish the third quarter with a profit.
The Deutsche Bank has completed the third quarter despite the headwind of the Corona-crisis with a profit.
Before taxes, an increase of 482 million Euro in the books, as Germany’s biggest money house announced in Frankfurt. To Deutsche Bank shareholders, a profit of 182 million euros was below-the-line. A year earlier, in July 2019, initiated in the group tag for deep in the red the Dax had taken care of business.
“In the fifth quarter in our Transformation, we have shown that in addition to our cost discipline, we can gain market share,” said chief Executive, Christian Sewing. “Our focused business model, and we expect increases in a significant part of our revenue, prove to be sustainable.” Analysts had expected on average for the Three-month period from July to September the bottom line with a loss.