Deutsche Bank: Q3 pre-tax profit of E2.3 bn
(CercleFinance.com) - Deutsche Bank today announced pre-tax profit of E2.
3bn for Q3 2024, up 31% y-o-y.
Excluding the release of the Postbank litigation, pre-tax profit amounted to E1.8bn, up 6% on the pre-tax profit of E1.7bn in Q3 2023.
Profit after tax was E1.7bn, up 39% y-o-y, or E1.3bn excluding the release of the Postbank litigation, up 8%, compared with profit after tax of E1.2bn in this quarter last year.
9m 2024 pre-tax profit reached E4.7bn, down 5% y-o-y, or E5.6bn, up 13%, excluding the 9m impact of the Postbank litigation of around E900m.
Our results for the first nine months underline Deutsche Bank's operational strength, management said. This gives us confidence that we will achieve our sales targets of E30bn for 2024. Our continued revenue momentum, cost savings, financial strength and moderation of credit provisions put us on track to achieve our targets for 2025.
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3bn for Q3 2024, up 31% y-o-y.
Excluding the release of the Postbank litigation, pre-tax profit amounted to E1.8bn, up 6% on the pre-tax profit of E1.7bn in Q3 2023.
Profit after tax was E1.7bn, up 39% y-o-y, or E1.3bn excluding the release of the Postbank litigation, up 8%, compared with profit after tax of E1.2bn in this quarter last year.
9m 2024 pre-tax profit reached E4.7bn, down 5% y-o-y, or E5.6bn, up 13%, excluding the 9m impact of the Postbank litigation of around E900m.
Our results for the first nine months underline Deutsche Bank's operational strength, management said. This gives us confidence that we will achieve our sales targets of E30bn for 2024. Our continued revenue momentum, cost savings, financial strength and moderation of credit provisions put us on track to achieve our targets for 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.