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Deutsche Bank surprised investors with second-quarter earnings

Deutsche Bank

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Deutsche Bank AG surprised investors with second-quarter earnings that were higher than analysts had expected.

The Frankfurt-based bank sees net income of about 400 million euros ($468 million) and income before income taxes of about 700 million euros.

Deutsche Bank shares rose as much as 9.3 percent on the news -- the most since April 2016 -- and were trading 7.2 percent higher.

Group revenue will be about 6.6 billion euros, compared with a bank-compiled analyst forecast of 6.4 billion euros. Trading revenue, meanwhile, declined by 15 percent from a year earlier, worse than the 10 percent drop analysts had expected.

Source: Bloomberg

Chart: Used with permission of Bloomberg Finance L.P.

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