Deutsche Bank swings back to quarterly profit as legal provisions cut, investment banking shines

Deutsche Bank surpassed expectations by returning to profit in the third quarter of the year, with net profit reaching 1.461 billion euros. The bank saw an increase in revenue to 7.5 billion euros. Other highlights included a rise in profit before tax, an increase in the provision for credit losses, and an improvement in the CET 1 capital ratio. Revenues from the bank’s investment and asset management divisions also showed growth. Deutsche Bank aims to continue its profitable growth and plans to exceed its original goals for capital distributions to shareholders. The bank is also focusing on cost-saving measures, including reducing its headcount by 3,500 roles by 2025.