Deutsche Bank says expects net income of around EUR400 million ($663.4 million) consensus estimate of EUR159 million - DJ

Market news

16 July 2018

Deutsche Bank says expects net income of around EUR400 million ($663.4 million) consensus estimate of EUR159 million - DJ

Deutsche Bank AG on Monday said second-quarter profit and revenue would come in considerably above analysts' forecasts, welcome news for the German bank's new chief executive as he seeks to revive the lender's fortunes.

The bank said it expects net income of around EUR400 million ($663.4 million) for the period, compared with a consensus estimate of EUR159 million, and pretax profit of about EUR700 million versus expectations of EUR321 million. It expects revenue of EUR6.6 billion against analysts' forecasts of EUR6.4 billion.

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