Jul

Deutsche Bank Surprises Investors With Estimate-Busting Profit

LONDON — Deutsche Bank’s chief executive, Christian Sewing, has only been in the job since April. But he has already delivered something the lender has lacked recently: some good news.

Deutsche Bank, Germany’s biggest lender, surprised investors on Monday when it announced that it expected to report about 400 million euros, or around $467 million, in profit for its second quarter. That is more than double the €159 million that analysts had been expecting…

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Deutsche Bank Surprises Investors With Estimate-Busting Profit

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