Deutsche Bank Exceeds Profit Expectations in Q3, Reporting Over $1.5 Billion Despite Rising Credit Loss Provisions

Deutsche Bank reported a net profit of over $1.5 billion in the third quarter, surpassing analyst expectations, and revenue exceeded forecasts. RBC analysts noted the rise in credit loss provisions was disappointing but expected, with core division revenues slightly soft and investment banking showing stronger performance. The bank reported a loss of more than $150 million in the second quarter and decided not to pursue a second share buyback program this year, partly due to provisions for its long-standing lawsuit over the Postbank acquisition. Shares were down more than 3% Wednesday morning.