* Q3 net profit rises to 649 mln eur vs 278 mln eur
* Revenue down 10 pct, prospects for Q4 muted
* Bond trading revenue down 36, equities down 16 pct
* Costs down 13.5 pct y-o-y on lower restructuring,
litigation
* Shares down 1.6 percent
(Adds shares, analyst comment)
By Tom Sims and Arno Schuetze
FRANKFURT, Oct 26 (Reuters) – Deutsche Bank
posted a 10 percent drop in revenue in the third-quarter,
reflecting a weak market and the effects of a major
restructuring.
But Germany’s flagship lender said on Thursday cost cuts
helped lift profit above analysts’ expectations.
“While the revenue environment remained challenging, we have
made significant progress on our key initiatives,” Chief
Executive J…
Read the full article at: http://uk.businessinsider.com/r-update-3-deutsche-bank-revenue-drops-amid-weak-markets-and-restructuring-2017-10