Deutsche Bank Plans Fresh EUR500 Million Buyback After Earnings Increase
By Joshua Kirby
Deutsche Bank said it will buy back another half a billion euros, equivalent to $569.3 million, in shares after booking a sharp rise in profit.
Germany's largest lender made 2.68 billion euros in pretax profit over the quarter through June, it said Wednesday. That marks an 11% rise from the same period last year and above the 2.25 billion euros expected by analysts, according to a company-compiled consensus.
The bank said it will use this year's net profit to buy back 500 million euros in its own shares, adding to a EUR1 billion buyback recently completed.
"We remain well positioned to invest in our businesses and deliver attractive shareholder returns," finance chief Raja Akram said.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
July 29, 2026 01:18 ET (05:18 GMT)
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