Wednesday, July 27, 2016

Deutsche Bank Q2 Profit Plunges; Signals More Restructuring; Stock Dips

Shares of Deutsche Bank AG declined around 4 percent in the morning trading after the German bank reported Wednesday sharply lower profit in its second quarter with significant one-time charges as well as weak revenues. John Cryan, CEO, said,".. if the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring."

from RTT - Earnings http://ift.tt/29YWzHE
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