Deutsche Bank shines in Q3: Shareholders are happy about 1.5 billion euros!

Deutsche Bank shines in Q3: Shareholders are happy about 1.5 billion euros!

A explosive legal dispute is transformed into a frenzy for Deutsche Bank! In the third quarter, the DAX company can present an impressive result of almost 1.5 billion euros thanks to a provision that was dissolved in the second quarter. That is a whopping 42 percent more than in the previous year and exceeds the optimistic estimates of the analysts. CEO Christian Sewing is optimistic about the future and even plans to buy back further shares in order to release the shareholders more capital than ever before!

The dramatic change of course of the bank can hardly be grasped. It looked bleak just a few months earlier: with a provision of 1.3 billion euros in the legal dispute over Postbank, Deutsche Bank slipped into the red numbers. But now she has been able to dissolve a provision of 440 million euros by setting with most plaintiffs, former Postbank shareholders, which contributes to this fantastic leap. The look of the CFO James von Moltke is also preceded; The bank is aiming for a sales brand of 30 billion euros for 2023!

strong results drive the bank to

But that wasn't all! Deutsche Bank sets ambitious goals for the coming years. The return on material equity is expected to increase by more than 10 percent by 2025. In the third quarter, this brand was already exceeded at 10.2 percent, even if it had been 7.6 percent without the resolved provision. A complete success that should make the banking of the bank confident! With all of these developments, Deutsche Bank signals more than a positive trend - it is the beginning of an upswing that could mix up the entire financial landscape. The eyes of the investors are firmly aimed at the bench, while they are looking forward to the future steps of Christian Sewing and his team!