Deutsche Bank AG · DB · FY2025 Q3 · Calendar Q4 2025

Deutsche Bank reports record profitability; capital and credit risks remain in focus

The supplied Q3 analysis describes a strong earnings profile supported by revenue growth, efficiency gains and diversified businesses, alongside a solid capital position. Whether that trajectory persists depends on revenue trends, credit costs and regulatory effects; the supplied record does not include a prior-quarter analysis for a direct comparison.

Reported After market closeNYSEFinancial Services $62.37B market cap
90quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.97 Consensus $0.85
EPS surprise +14.5% Reported versus consensus
Reported revenue $8.02B Consensus $8.81B
Revenue surprise -8.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +0.1% Event window
SPY move -1.1% Same window
Abnormal move +1.2% Stock minus SPY
Volume 1.1× Versus trailing sessions
Subsequent drift -1.1% Up to 20 sessions
DBSPY benchmark

Ask FN2 about DB FY2025 Q3

Transcript, numbers and history already loaded
Why did DB rise 0.1% after beating EPS estimates in FY2025 Q3?What changed in DB's guidance and outlook in FY2025 Q3?Give me the bull and bear case for DB after FY2025 Q3 earnings.

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Transcript intelligence

What changed

The analysis highlights record profitability in the first nine months of 2025 and a completed additional share buyback. It also notes details on private-credit exposure and DWS's planned expansion in the Middle East. Prior-quarter analysis is unavailable here, so quarter-over-quarter change cannot be assessed from the supplied materials.

Guidance delta

Guidance sentiment was characterized as maintained. The supplied analysis says management remained on track with its strategic goals; it does not identify a new change to guidance.

Key takeaways

  • Revenue growth and cost discipline supported the reported profitability, according to the supplied analysis.
  • Capital was characterized as strong, with management focused on maintaining its regulatory buffer.
  • Earnings are diversified across the bank's businesses, while Corporate Bank fee and net-interest-income trends merit attention.
  • The analysis cites shareholder distributions and asset-management inflows as relevant parts of the story.

Management priorities

  • Continue cost-efficiency work and operational improvements.
  • Advance digital transformation and branch reductions in Private and Personal Banking.
  • Pursue asset-management product and geographic expansion.
  • Preserve capital discipline while considering shareholder distributions subject to the capital plan.

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Earnings History

Estimate Beat Miss Match
DB EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $0.32 Q4 '23 actual $0.69, beat Q1 '24 estimate $0.66 Q1 '24 actual $0.75, beat Q2 '24 estimate $0.49 Q2 '24 actual $-0.41, miss Q3 '24 estimate $0.56 Q3 '24 actual $0.97, beat Q2 '25 estimate $0.78 Q2 '25 actual $0.54, miss Q3 '25 estimate $0.85 Q3 '25 actual $0.97, beat Q4 '25 estimate $0.72 Q4 '25 actual $0.88, beat Q1 '26 estimate $1.15 Q1 '26 actual $1.24, beat Q2 '26 estimate $0.91 Q2 '26 actual $0.66, miss Q3 '26 estimate $0.91 Q3 '26 actual $1.08, beat Q4 '26 estimate $0.70 Q1 '27 estimate $1.18 Q2 '27 estimate $1.03
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Analyst Consensus ?

ConsensusHold33 ratings
Bullish721.2%
Neutral1957.6%
Bearish721.2%

Analyst 52W Price Targets

$33.64Current
$9.24Low
$16.09Average
$43High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Barclays Equal Weight OverweightDowngradeApr 20, 2026
Citigroup Neutral SellUpgradeApr 9, 2026
Goldman Sachs Neutral BuyDowngradeAug 27, 2025
Erste Group Hold SellUpgradeMar 13, 2024
Societe Generale Hold BuyDowngradeJul 10, 2023
Show 28 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $33.64. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Deutsche BankAnalyst unavailable$43$37.04 +27.8%Jul 7, 2026
Deutsche BankAnalyst unavailable$29$9.68 -13.8%May 17, 2022
Warburg ResearchAndreas Plaesier$15.12$10.25 -55.1%Mar 11, 2022
CitigroupAndrew Coombs$11.96$10.25 -64.4%Mar 11, 2022
BarclaysAmit Goel$13.59$10.74 -59.6%Mar 10, 2022
See 8 more

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Company context

Snapshot as of publication

Deutsche Bank AG operates as a global financial institution, delivering a wide spectrum of investment, financial, and related services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank division offers key services including cash management, trade finance and lending, trust and agency functions, foreign exchange, and securities services, alongside specialized risk management solutions. The company's Investment Bank segment provides expert merger and acquisition (M&A) and equity advisory services. This unit also engages in financing, general advisory, fixed income products, advanced risk management, sales and trading operations, and currency-related activities.…

Historical context

All DB earnings
+4.3%FY2026 Q3 · Calendar Q4 2026+4.4%FY2026 Q2 · Calendar Q3 2026+0.3%FY2025 Q4 · Calendar Q1 2026

Financial Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
CBOE Cboe Global Markets, Inc. FY2026 Q3 · Calendar Q4 2026 +5.8% +6.8% Cboe posts strong Q3 as options growth and new products advance
NWG NatWest Group plc FY2026 Q3 · Calendar Q4 2026 +2.0% -9.0% NatWest maintains guidance as Q3 growth and capital remain strong
ERIE Erie Indemnity Company FY2026 Q3 · Calendar Q4 2026 +2.1% +5.3% Erie pairs resilient demand initiatives with thin underwriting margins
COIN Coinbase Global, Inc. FY2026 Q3 · Calendar Q4 2026 +1189.2% -10.6% Coinbase offsets lower spot trading with prediction markets and AI agents
TPG TPG Inc. FY2026 Q3 · Calendar Q4 2026 +4.3% +7.5% TPG raises FRE margin outlook as capital formation accelerates
AJG Arthur J. Gallagher & Co. FY2026 Q3 · Calendar Q4 2026 +0.3% +2.9% AJG: Q3 growth and AssuredPartners synergies support outlook

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-02T01:30:41.622181+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T01:30:41.619566+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.