Deutsche Bank third-quarter results set grim tone for Europe's banks
) shares fell more than 8% on Wednesday after the bank reported an 832 million euro third-quarter loss hurt by restructuring costs and weakness in fixed-income trading.
CEO Sewing said the bank’s four core divisions made a pretax profit. “These quarterly results are just an interim assessment, but they are encouraging,” Sewing wrote to staff. Revenue fell 15% to 5.3 billion euros, short of a 5.6 billion euros expected by analysts, according to Refinitiv Eikon data.
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