
Deutsche Bank profits surge to highest since 2007

Deutsche Bank reported its highest second quarter profits in nearly two decades last quarter, recovering from the legal settlements that damaged its earnings one year ago. Profit attributable to shareholders was €1.49 billion, up from the €143 million loss seen one year ago following legal settlements from Deutsche Bank’s purchase of Postbank. Net revenue was €7.80 billion, rising 2.8% year-over-year and besting LSEG estimates of €7.76 billion. “Despite a more challenging environment in the quarter, Deutsche Bank again delivered a post-tax RoTE of above 10%, demonstrating the strengths of our underlying business model. We are very happy to have delivered our highest second-quarter and first-half year profits since 2007,” said Deutsche Bank CEO Christian Sewing. “This puts us on track to meet our 2025 targets, and we are positioning our Global Hausbank to grow further, including further raising capital distributions to shareholders beyond 2025.” Diluted earnings per share were €0.48 last quarter, compared with the €0.28 loss in 2024’s second quarter. Profit before tax grew by 34% year-over-year, excluding the Postbank settlement’s impact, and reached €2.4 billion. Profit before tax grew across all of Deutsche Bank’s