Germany’s largest bank, Deutsche Bank, located in Frankfurt, posted a profit of 1.46 billion euros in the third quarter. Following the end of a 15-quarter profit series in the second quarter of the year, the bank exceeded expectations by announcing higher profits in the third quarter. Deutsche Bank disclosed its financial results for the third quarter of 2024, attributing the increased post-tax profit (net profit attributable to shareholders) of 1.461 billion euros to the positive performance in investment banking, a 41% rise compared to the same quarter last year. In the July-September period, the bank surpassed expectations after the 15-quarter profit streak was broken in the second quarter. Analysts were expecting an average profit of around 1.4 billion euros. The revenue of the bank’s investment banking unit rose by 11% to 2.5 billion euros in the third quarter. Deutsche Bank’s net income for the third quarter of this year increased by 5% compared to the same period in 2023, amounting to 7.5 billion euros. In the second quarter, setting aside a provision of 1 billion euros for a legal dispute related to its subsidiary Postbank had caused Deutsche Bank to incur losses. The bank also reported applying for approval for further share buybacks.