Is deutsche bank going bust 201811/21/2023 ![]() ![]() ![]() The bank said it expected to buy back more of its shares - a move which typically juices a company’s stock price - next year.ĭeutsche Bank ( DB) reported pretax profit of €1.7 billion ($1.8 billion) in the three months to the end of September, up 7% from the same period last year. Germany’s biggest lender said in its third-quarter report that it was on track to notch up annual revenue of €29 billion ($31 billion) in 2023 - its highest in seven years - and that it “had the potential to free up additional capital of around €3 billion ($3.2 billion)” between now and 2025. Shares in Deutsche Bank surged nearly 7% Wednesday after it said strong earnings meant it could pay out more cash to shareholders over the next two years than previously anticipated. ![]()
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