Deutsche Bank enjoyed a net income of â¬725 million (Â£1 billion) across the period, which was markedly greater than the â¬343 million predicted by industry analysts, Bloomberg reports.
A decline in trading revenue was countered by significant gains in asset management and consumer banking - and the upturn comes after the lender earlier disposed of its full-year profit target and announced 500 job losses following revenue hits at its securities unit thanks to the sovereign debt crisis.
Olaf Kayser, an analyst at Landesbank Baden-Wuerttemburg, noted Deutsche Bank - whose London headquarters are located at Winchester House - needs to make sure it is winning market share from its biggest rivals.
The industry figure added: "The third quarter has been very weak for investment banks and it may be the trough, but that depends on the outcome of the sovereign debt crisis."
By Tony Aynsley