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Article: Deutsche Bank profit jumps, but shares slide; Profit rises at Deutsche as trading picks up ; Beating expectations, German bank still sounds note of caution
- Article from:
- International Herald Tribune
- Article date:
- July 29, 2009
- Author:
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David Jolly
International Herald Tribune
07-29-2009
Deutsche Bank profit jumps, but shares slide; Profit rises at Deutsche as trading picks up ; Beating expectations, German bank still sounds note of caution
Byline: David Jolly
Type: News
Deutsche Bank's securities trading business recovered from the credit bust, but its shares slid on fears that the good times won't last.
Deutsche Bank said Tuesday that its second-quarter net profit rose sharply from a year earlier as its securities trading business recovered from the credit bust, but its shares slid on fears that the good times would not last.
Deutsche's net profit of EUR 1.1 billion, or $1.6 billion, was up 67 percent from the second ...