Deutsche Bank Q2 profit up 16 percent, debt trading steady
FRANKFURT, July 29
FRANKFURT, July 29 (Reuters) - Deutsche Bank reported a 16 percent year-on-year increase in quarterly pretax income to 917 million euros as net revenue from debt trading held steady.
The bank increased reserves for future litigation or settlements by 470 million euros to 2.2 billion.
The bank, which completed an 8.5 billion euro capital hike in June, posted a common equity tier 1 (CET1) ratio of 11.5 percent at the end of June.
Deutsche Bank had been expected to post pretax profit of 590 million euros, according to the average result of a Reuters poll where the 10 sample estimates spanned a wide range from a 694 million euro loss to a 1.1 billion gain. (Reporting by Thomas Atkins and Arno Schuetze)
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp |
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief