Second-quarter earnings at Deutsche Bank were slightly lower than previously anticipated, despite the lender reporting an increase on gains at its consumer banking business.
The day after the institute - which has more than 100,000 employees in 73 countries - unveiled two co-chief executive officers (CEOs) to succeed Josef Ackermann, it revealed a net income rise of 3.3 per cent to €1.2 billion euros ($1.74 billion).
However, this amount fell just short of the €1.3 billon climb anticipated by 12 analysts surveyed by Bloomberg.
The bank, while announcing investment banking chief Anshu Jain and management board member Juergen Fitschen will become co-CEOs in 2012, set itself a goal of €10 billion in operating pre-tax profit for the year.
Olaf Kayser, analyst at Landesbank Baden-Wuerttemberg, told Bloomberg: "Lifting the uncertainty over the CEO succession issue is positive for the shares and the good results at the private clients and asset management unit help as well."
By Gary Cooper
