Jul
25
Deutsche Bank AG on Wednesday reported a second-quarter net income that marked a fall from a year earlier, driven in part by weak trading results, but provided some relief for investors used to bad news from the Frankfurt-based lender.
The results, which come three months after longtime executive Christian Sewing replaced John Cryan as chief executive, followed a string of disappointing quarters and three full-year after-tax losses. Net income fell 14% from a year earlier to €401 million ($469 million), in line with preliminary…
Deutsche Bank Posts Profit but Trading Weakness Drags On
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