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Deutsche Bank jumps 8% in U.S. trading after issuing Q2 forecast

Jul. 16, 2018 3:30 PM ETDeutsche Bank Aktiengesellschaft (DB) StockDBBy: Liz Kiesche, SA News Editor8 Comments
  • Deutsche Bank (NYSE:DB+8.3% in late U.S. trading after Germany's largest bank said its Q2 net income and pretax profit would both surpass consensus estimates.
  • Shares traded as high as $12.20 today, the highest since May 24. Its 52-week high, though, was $20.23 on Dec. 18. More than 15M shares changed hands, approaching three times its three-month average daily volume of 5.3M.
  • Q2 group revenue is expected to be EUR6.6B, compared with consensus estimate of EUR6.4B.
  • Common equity tier 1 capital ratio is expected to be 13.6% vs. consensus estimate of 13.3; fully loaded leverage ratio forecast to be 3.9% vs. 3.7% average consensus est.
  • Full Q2 earnings results are set to be released on July 25, 2018.
  • Previously: Strong forecast sends Deutsche Bank up 7% (July 16)

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