UPDATE 3-Deutsche Bank posts Q3 loss on restructuring, weakness in trading

* Second consecutive quarterly loss

* Bond trading revenue down 13%

* Shares down 6% in early trade (Updates with CFO comments, shares)

FRANKFURT, Oct 30 (Reuters) - Deutsche Bank posted an 832 million euro ($924 million) third-quarter loss on Wednesday hurt by restructuring costs and weakness in fixed income trading, sending shares in Germany's biggest lender down 6%.

The bank in July had flagged a loss this year and announced restructuring plans worth $7.4 billion including the elimination of 18,000 jobs.

The loss follows a 3.15 billion euro loss in the second quarter and contrasts with a 229 million euro net profit a year earlier. The bank is aiming to break even in 2020.

CEO Christian Sewing noted the bank's four core divisions posted a pretax profit. "These quarterly results are just an interim assessment, but they are encouraging," Sewing wrote to staff.

Analysts, unsure of the size of restructuring costs the bank was planning to post in the quarter, had largely held back on providing estimates.

The initial reaction from some analysts was less than favourable, however.

"One has to look very hard to find anything positive in Deutsche Bank's results this quarter," said Octavio Marenzi, CEO of capital markets management consultancy Opimas.

Revenue fell 15% to 5.3 billion euros, short of a 5.6 billion euros expected by analysts, according to Refinitiv Eikon data.

The bank attributed the decline to its decision to exit its equities business as well as macroeconomic uncertainty and negative rates. However, it lagged rivals facing similar headwinds.

Credit Suisse on Wednesday reported a rise in third-quarter earnings buoyed by higher revenue in markets and international wealth management. Standard Chartered posted a 16% rise in quarterly profit helped by rising income from corporate and private banking clients.


Revenue at Deutsche's cash-cow bond-trading division fell 13%, underscoring continued weakness at its investment bank.

U.S. banks saw a 10% rise in the third quarter, according to Goldman Sachs.

Deutsche, founded in 1870, is considered one of the most important banks for the global financial system, along with JPMorgan Chase, Bank of America and Citigroup.

But it has faced a stream of losses and scandal, prompting it to embark on one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.

Of its planned 18,000 job cuts, Deutsche eliminated 1,500 in the third quarter though the number of employees in its investment bank rose as an intake of new graduates offset staff cuts in equity trading.

Deutsche highlighted some progress in winding down 74 billion euros of risk-weighted assets, a pillar of its restructuring plan.

Deutsche financial chief James Von Moltke said the bank had auctioned off three books of less complex equities derivatives, which was "quite successful".

The focus will now turn to more complex derivatives, which will take place slowly over coming years, he said.

Deutsche's woes peaked with a $7.2 billion U.S. fine in 2017 for its role in the mortgage market crisis.

Its new leadership, with Sewing at the helm, has tried to revive Deutsche's fortunes, but problems have persisted.

In April it called off nearly six weeks of talks to merge with Commerzbank.

($1 = 0.9001 euros) (Reporting by Tom Sims, Arno Schuetze, Patricia Uhlig and Hans Seidenstuecker; editing by Michelle Martin and Jason Neely)