Deutsche Bank Profit Rises on Surge in Trading Revenue
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Deutsche Bank AG, Europe’s biggest bank, said third-quarter profit climbed after a rally in bond and stock markets brought a surge in trading revenue. The shares jumped.
Net income unexpectedly rose an annual 3 percent to 747 million euros ($964 million) in the three months through September, the Frankfurt-based company said in a statement today. That beat all seven analyst estimates compiled by Bloomberg and the 563.9 million-euro average.