Deutsche Bank reports strong third quarter with high pre-tax profit - analysts confirm buy recommendation

Deutsche Bank reports strong third quarter with high pre-tax profit - analysts confirm buy recommendation

According to a report from www.4investors.de, Deutsche Bank achieved a pre-tax profit of 1.72 billion euros in the third quarter, which was the best since 2006. Profit fell slightly to 1.2 billion euros due to a higher tax rate. According to the figures, the UBS analysts confirm their buy recommendation for the bank's securities and still see the price target at 17.50 euros. The bank is planning to cut costs and has made positive statements about the distribution, so there could potentially be share buybacks in addition to the dividend next year. As a result, Deutsche Bank shares rose by 0.5 percent to 10.434 euros.

These positive quarterly figures from Deutsche Bank could have an impact on the market and the financial industry. Due to the increased pre-tax profit, the company shows improved financial performance, which could increase investor confidence. This could lead to an upward movement in stock prices. In addition, the announced cost savings and possible share buybacks could further increase the interest of potential investors.

It should be noted that despite these positive developments, Deutsche Bank continues to face challenges such as high regulatory costs and competitive pressures. It is also burdened by the persistently low interest rate environment. These factors could influence the long-term development of the company.

Overall, it can be said that Deutsche Bank's quarterly figures could have a positive impact on the market and strengthen the company's image in the financial industry. However, it remains to be seen how the long-term challenges will impact the company's future.

Source: According to a report by www.4investors.de