Deutsche Bank’s adjusted pre-tax profit was € 826 million in the third quarter. The market assumed in advance of 428 million euros. The business with fixed-income securities and currencies in particular provides impetus. The risk provision is 273 million euros, the consensus was 339 million euros. Adjusted costs decrease 8 percent in the third quarter. At 13.3 percent, the core capital ratio is still above the minimum target of 12.5 percent.
As before, the analysts at DZ Bank rate Deutsche Bank’s shares as “hold”. The price target increases from EUR 7.50 to EUR 8.00.
The experts are still skeptical about the increase in earnings in the core bank. The advances in costs, however, are well received. The evaluation is considered fair.
The analysts expect a loss per share of EUR 0.20 in 2020 (old: EUR -0.25). In 2021 there should be a loss per share of 0.02 euros (old: -0.03 euros). The profit estimate for 2022 drops from 0.98 euros to 0.66 euros.
The shares of Deutsche Bank lose 1.3 percent in the afternoon to 7.804 euros.