Dow Jones Newswires: Deutsche Bank posts loss as restructuring bites [MarketWatch]
Deutsche Bank AG (DB)
US:NYSE Investor Relations:
db.com/ir/index_en.htm
Company Research
Source: MarketWatch
Deutsche Bank posts loss as restructuring bites Deutsche Bank AG on Wednesday reported its second consecutive quarterly loss as it continues to execute a deep restructuring. After-tax loss for the period was 832 million euros ($923.4 million) compared with a profit of EUR229 million a year earlier. The loss attributable to shareholders was EUR942 million. Revenue fell 15% to EUR5.26 billion. The results follow the EUR3.15 billion loss the bank DB, -0.87% DBK, -0.67% posted for the second quarter. Analysts had expected the bank to close the third quarter with a loss of roughly EUR772 million, while revenue was seen at EUR5.53 billion, according to a consensus forecast provided by FactSet. The German bank said it “has made significant progress with its restructuring in line with key targets” announced in July, when it presented a deep overhaul which includes exiting its global-equities sales and trading business, as well as cutting 18,000 jobs. “Despite having launched the most c
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News
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DB
Earnings
- 10/24/24 - Beat
DB
Sec Filings
- 12/20/24 - Form 424B2
- 12/16/24 - Form 424B2
- 12/16/24 - Form 424B2
- DB's page on the SEC website