Deutsche Bank Soars 3.41% Amid Postbank Lawsuit Resolution and Q3 Profit Boost
Generated by AI AgentAinvest Market Brief
Thursday, Aug 22, 2024 6:30 pm ET1min read
1. Deutsche Bank (NYSE: DB)
Deutsche Bank gained solidly by 3.41%. Deutsche Bank reported a third-quarter profit boost of €430 million due to progress in resolving a lawsuit over Postbank acquisition. Deutsche Bank faced its first quarterly loss in four years, suspending a planned stock buyback due to increased loan provisions and lawsuit costs.
Deutsche Bank gained solidly by 3.41%. Deutsche Bank reported a third-quarter profit boost of €430 million due to progress in resolving a lawsuit over Postbank acquisition. Deutsche Bank faced its first quarterly loss in four years, suspending a planned stock buyback due to increased loan provisions and lawsuit costs.
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