Deutsche Bank (DB) Jumps on 4th Day as Q2 Earnings Impress

We recently published Rally Alert: 10 Stocks That Just Made Investors Richer. Deutsche Bank Aktiengesellschaft (NYSE:DB) is one of the best-performing stocks on Thursday.

Deutsche Bank jumped for a fourth straight day on Thursday, adding 7.83 percent to close at $33.73 apiece following an impressive earnings performance in the second quarter of the year.

During the period, Deutsche Bank Aktiengesellschaft (NYSE:DB) said it swung to an attributable net income of 1.48 billion euros from a net loss of 143 million euros in the same period last year. The figure pushed its six-month net income higher by 188 percent at 3.26 billion euros from 1.1 billion euros year-on-year.

Total net revenues during the quarter also rose by 3 percent to 7.8 billion euros from 7.59 billion euros year-on-year, while in the first half, they jumped by 6 percent to 15.4 billion euros from 960 million euros.

“Despite a more challenging environment in the quarter, Deutsche Bank again delivered a post-tax RoTE (return on average tangible shareholders’ equity) of above 10 percent, demonstrating the strengths of our underlying business model,” said Deutsche Bank Aktiengesellschaft (NYSE:DB) CEO Christian Sewing.

“This puts us on track to meet our 2025 targets, and we are positioning our Global Hausbank to grow further, including further raising capital distributions to shareholders beyond 2025,” he added.

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