Deutsche Bank posts quarterly profit beat despite euro strength

## Deutsche Bank Beats Expectations, Remains Optimistic Despite Challenges

Deutsche Bank delivered a positive second-quarter performance, exceeding profit expectations despite facing headwinds in some areas. Here’s a quick rundown:

• **Strong Profit:** Net profit reached €1.485 billion, surpassing the €1.2 billion forecast. This is a significant improvement compared to a loss in the same quarter of the previous year.
• **Revenue in Line:** Revenues were in line with expectations, coming in at €7.804 billion.
• **On Track for Targets:** CEO Christian Sewing stated the bank is on track to meet its 2025 targets.
• **Investment Banking Mixed:** The core investment banking unit saw a 3% revenue increase, but performance varied across its subdivisions.
  • Fixed Income and Currencies: Strong 11% revenue growth.
  • Origination and Advisory: Revenue declined 29% due to market uncertainty.
• **Euro Impact:** The bank noted the impact of the strong euro against the U.S. dollar.
• **European Context:** The bank is navigating a lower interest rate environment. Increased defense spending in Europe is providing new investment opportunities.
• **German Economic Outlook:** Uncertainty remains due to potential trade tariffs with the U.S., which could lead to a recession in Germany.

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