Deutsche Bank earnings: Q3 net loss comes in at 832 million euros, vs. expected loss of 778 million euros

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Krisztian Bocsi | Bloomberg | Getty ImagesAnalysts were expecting a net loss of 778 million euros for the third quarter, according to data from Refinitiv.

Deutsche Bank had reported a net profit of 229 million euros in the third quarter of 2018, but a loss of 3.15 billion euros in the second quarter of this year.

The embattled German lender has struggled since the global financial crisis of 2008 and the subsequent debt crisis in the euro area. The bank has faced billion-dollar fines, increased market competition, a lower market share in both commercial and investment banking, as well as a series of management changes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is that good or bad? Bearish or bullish? Just wondering because banks usually fall up.

Garbage!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines