The earnings call reflected a strong overall performance with significant revenue growth, improved capital ratios, and strategic achievements across various segments. However, challenges remain with credit loss provisions and ongoing integration and operational issues from past acquisitions.

Company Guidance

During the Q3 2024 earnings call for Deutsche Bank (DBK.DE), the executives provided comprehensive guidance on various performance metrics. The bank reported revenues of EUR 22.9 billion for the first nine months, progressing towards a full-year goal of EUR 30 billion. Adjusted costs remained stable at EUR 5 billion per quarter, aligning with 2024 targets. The Postbank takeover litigation settlements resulted in a pretax profit of EUR 2.3 billion, with year-on-year growth of over EUR 500 million, and a post-tax return on tangible equity (RoTE) of 10.2% for Q3. The CET1 ratio stood at 13.8%, supporting future capital distribution plans, including a new share buyback authorization from the ECB. The bank anticipates revenue growth to EUR 32 billion by 2025, driven by diversified business segments, including a projected EUR 300-400 million increase in net interest income. Operational efficiency measures are expected to yield cost savings, targeting around EUR 20 billion in noninterest expenses by 2025, while credit provisions are forecasted to normalize.

Strong Revenue Performance

Revenues of EUR 22.9 billion for the first 9 months, with a goal of EUR 30 billion for the year. Pre-provision profit grew by 17% year-on-year to EUR 7 billion.

Improved Capital Ratios

CET1 ratio of 13.8%, reflecting strong organic capital generation. Authorization for the next share buyback sought from the ECB.

Litigation Settlements

Achieved settlements in the Postbank litigation matter, resulting in a release that supported reported pretax profit of EUR 2.3 billion, up over EUR 500 million year-on-year.

Corporate and Investment Banking Growth

Corporate Bank increased deals with multinational clients by 18%. Investment Bank revenues in Fixed Income & Currencies were up 5% year-on-year.

Asset Management and Sustainability Achievements

Assets under management grew by EUR 67 billion to EUR 963 billion. ESG ratings improved, with an upgrade to AA from MSCI.

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Deutsche Bank AG (DE:DBK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:DBK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2024 (Q4)	0.47 / -	0.67	―	―	―
Oct 23, 2024	2024 (Q3)	0.56 / 0.57	0.56	1.79% (<+0.01)
Jul 24, 2024	2024 (Q2)	0.60 / -0.28	0.19	-247.37% (-0.47)
Apr 25, 2024	2024 (Q1)	0.64 / 0.69	0.61	13.11% (+0.08)
Feb 01, 2024	2023 (Q4)	0.38 / 0.67	0.92	-27.17% (-0.25)
Oct 25, 2023	2023 (Q3)	0.50 / 0.56	0.57	-1.75% (>-0.01)
Jul 26, 2023	2023 (Q2)	0.58 / 0.19	0.33	-42.42% (-0.14)
Apr 27, 2023	2023 (Q1)	0.47 / 0.61	0.55	10.91% (+0.06)
Feb 02, 2023	2022 (Q4)	0.29 / 0.92	0.185	397.30% (+0.74)
Oct 26, 2022	2022 (Q3)	0.42 / 0.57	0.31	83.87% (+0.26)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:DBK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 23, 2024	€16.31	€16.18	-0.85%
Jul 24, 2024	€15.68	€14.38	-8.32%
Apr 25, 2024	€14.96	€16.19	+8.19%
Feb 01, 2024	€11.69	€12.04	+2.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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