Deutsche Bank shares surge as Q2 numbers beat forecasts
By Benjamin Chiou
Date: Thursday 24 Jul 2025
(Sharecast News) - Shares in Deutsche Bank surged in Frankfurt on Thursday after the German bank beat forecasts with its second-quarter results, driven by a strong performance in investment banking and lower costs.
Second-quarter pre-tax profits were up 34% over last year at €2.4bn, when excluding the impact of long-standing litigation costs related to the 2008 takeover of Postbank.
Including these costs, net profit was €1.7bn, comfortably ahead of the €1.45bn consensus estimate.
The result meant that first-half pre-tax profit rose to €5.3bn, more than double the €2.4bn reported in the first six months of 2024, mainly reflecting the non-recurrence of Postbank takeover litigation provisions in the prior-year period.
Net revenues were up 3% in the second quarter at €7.8bn and 6% higher for the half at €16.3bn, which Deutsche Bank said puts it on track to meet full-year top-line guidance of €32bn.
All four divisions (corporate banking, investment banking, private banking and asset management) recorded double-digit profit growth. In investment banking in particular, revenues were up 3% at €2.7bn in the second quarter, helped by an 11% jump in fixed-income and currencies revenues to €2.3bn.
"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," said chief executive Christian Sewing.
"We are very happy to have delivered our highest second-quarter and first-half year profits since 2007. 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."
The stock was up nearly 8% at €28.51 by 1154 CEST.
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