Deutsche Bank (ETR:DBK) Third Quarter 2024 Results
Key Financial Results
- Revenue: €7.01b (up 1.7% from 3Q 2023).
- Net income: €1.63b (up 39% from 3Q 2023).
- Profit margin: 23% (up from 17% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: €0.82 (up from €0.57 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Deutsche Bank Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.
Performance of the German Capital Markets industry.
The company's shares are down 2.3% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Deutsche Bank that you should be aware of.
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About XTRA:DBK
Deutsche Bank
A stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.
Undervalued with mediocre balance sheet.
