Deutsche Bank reported a net profit of 401 million euros ($468 million ) for the second quarter of the year, down 14 percent year-on-year, but in line with what the bank had signaled last week.
The German lender said last Monday that its second-quarter results would be significantly above market expectations, in accordance with German regulations. These dictate that listed businesses must notify markets if consensus forecasts are out of line. As a result, Deutsche said last week that it was expecting to hit a net income of approximately 400 million euros for the second quarter of 2018. Analysts were forecasting a net income of 321 million euros.