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Deutsche Bank posts fifth straight quarter of profit despite slide in trading revenues


A general meeting of Deutsche Bank

Arne Dedert | picture alliance | Getty Images

Deutsche Bank reported a fall in revenues at its investment banking unit on Wednesday, but still managed to beat expectations and report its fifth consecutive quarter of profit.

The bank reported a net income of 194 million euros in the three months to September. Analysts had estimated a net income of 135 million euros for the third quarter, according to data from Refinitiv.

The German bank had smashed estimates for the second quarter despite a slide in trading revenues.

Shares are higher by about 32% year-to-date.

This is a breaking news story, please check back later for more.

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