Deutsche Bank sees profit of $2.1 billion

Discussion in 'Stocks' started by ASusilovic, Oct 21, 2009.

  1. DB aid Wednesday that it expects its third-quarter net profit to be around 1.4 billion euros ($2.1 billion), with all business segments reporting positive results. Analysts polled by FactSet had been expecting a net profit of 802 million euros. The bank said pretax profit will be around 1.3 billion euros and that it anticipates tax credits for the quarter, reflecting the impact of tax-exempt income as well as the successful resolution of a number of tax audits relating to prior years. Tier 1 capital is expected to be around 11.7% at the end of the third quarter.

    http://www.marketwatch.com/story/deutsche-bank-sees-profit-of-21-billion-2009-10-21