Deutsche Bank Posts Higher Q3 Profit, €2 Trillion AuM; Confirms 2026 Revenue Target Above €33 Billion

Deutsche Bank AG (DB) reported higher third-quarter profit on Wednesday, with net profit up 2% to €1.85 billion from €1.82 billion a year earlier, and confirmed its fiscal 2026 outlook. Earnings per share rose 6% to €0.94, while profit before tax climbed 8% year-on-year to €2.63 billion. Net revenues grew 4% to €8.34 billion from €8.04 billion, driven by a high-quality business mix. Provisions for credit losses increased 20% to €501 million from €417 million. Assets under management rose €50 billion to €2.0 trillion across Private Bank and Asset Management, supported by record net inflows of €47 billion. CEO Christian Sewing said the performance positions the bank to meet its 2026 objectives and reinforces confidence in upside to its RoTE target above 13% in 2028. Deutsche Bank said it remains on track to achieve its full-year 2026 revenue target above €33 billion, citing strong nine-month performance. Shares traded at $32.42 on the NYSE overnight, up 0.93%.