FRANKFURT (Reuters) – Deutsche Bank posted an 8% drop in third-quarter profit that was not as steep as analysts had expected, as revenue at the investment bank slumped but grew at the retail and corporate divisions on the back of higher interest rates, figures on Wednesday showed.
Net profit attributable to shareholders was 1.031 billion euros ($1.09 billion). That compares with profit of 1.115 billion euros a year earlier, and it is better than analyst expectations for profit of around 937 million euros.
The bank was slightly more optimistic on its revenue outlook for the full year, now anticipating around 29 billion euros.
($1 = 0.9433 euros)
(Reporting by Tom Sims and Frank Siebelt; Editing by Miranda Murray)
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