Deutsche Bank's share price falls 3 percent on the Frankfurt Stock Exchange following the German major bank's report for the third quarter.
The decline comes despite signals of extra dividend in the form of share buybacks and that the profit before tax in the third quarter surged upwards by 31 percent compared to the previous year to 2.26 billion euro – which was significantly more than the expected 2.02 billion.
The commission revenues during the quarter ended up lower than expected and this does not impress the market. Furthermore, the bank is raising its forecast for credit losses for the full year.
The provisions for covering credit losses in the third quarter amounted to 494 million euro, a doubling compared to the third quarter last year. Analysts had expected an increase, but only to 431 million.
Analysts also see signs of how the weak German economy is dragging down revenues for several units, including when it comes to corporate business at home.
