Deutsche Bank forecast to post quarterly loss, breaking profit streak

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Any loss at Germany's largest lender would break a streak of 15 consecutive quarters in the black

Tom Sims, Reuters News

July 15, 2024

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FRANKFURT- Deutsche Bank analysts expect the lender to post a loss for the second quarter, according to a new consensus forecast posted on the bank's website on Monday.

Any loss at Germany's largest lender would break a streak of 15 consecutive quarters in the black.

The bank has warned it would set aside up to 1.3 billion euros ($1.42 billion) for the quarter in a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division.

The bank declined to comment. ($1 = 0.9171 euros)

(Reporting by Tom Sims, Editing by Miranda Murray and Matthias Williams)

Reuters

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