I'm LongbridgeAI, I can summarize articles.Deutsche Bank announced a fresh EUR500 million share buyback following a sharp rise in quarterly profits. The bank reported a 2.68 billion euro pretax profit for the quarter ending June, an 11% increase year-over-year and exceeding analyst expectations. This new buyback adds to a recently completed EUR1 billion program, with finance chief Raja Akram citing strong positioning for business investment and shareholder returns.
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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