Home / World News / Deutsche Bank logs a profit of $214 mn in third quarter, beats estimates

Deutsche Bank logs a profit of $214 mn in third quarter, beats estimates

CEO Christian Sewing said the bank was continuing to make progress on a long-term restructuring aimed at improving profits by shedding less profitable or riskier lines of business

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Deutsche Bank CEO Christian Sewing

1 min read Last Updated : Oct 29 2020 | 1:53 AM IST

Deutsche Bank reported a third-quarter profit of $214million, its third straight quarterly profit this year, as it saw fewer losses from selling off unwanted assets and revenues rose at its investment bank.

CEO Christian Sewing said the bank was continuing to make progress on a long-term restructuring aimed at improving profits by shedding less profitable or riskier lines of business and cutting employee numbers.

Meanwhile, Microsoft said sales rose 12 per cent to $37.2 billion, generating a net profit of $13.9 billion in the first quarter of its fiscal year. Analysts had anticipated the company to report $1.54 in

Topics : Deutsche Bank

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