Deutsche Bank Third Quarter 2024 Earnings: Beats Expectations

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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