Europe’s Largest Bank Watches Profit Slide 94 Percent

Eagle Eye Opener

[Deutsche Bank logo]

Europe’s Largest Bank Watches Profit Slide 94 Percent (Bloomberg)

Deutsche Bank AG, Europe’s largest bank by revenue, reported its third-quarter profit fell by 94 percent. Much of the loss occurred when the bank had to set aside 1.2 billion euros ($1.65 billion) for legal costs associated with subprime mortgage litigation. This comes on the heels of the bank’s Q2 18 percent profit drop, again partially due to legal woes. In addition to the company’s preparations for judgment against it, Deutsche Bank is also shedding billions in under-leveraged assets to fall in line with new European Union regulatory rules. While the rest of the sector seems awash in profits, Deutsche Bank (along with JPMorgan Chase and Bank of America) wallows through the mess it created itself. As an investor, which companies in the financial sector seem like a better bet for you?

Exclusive  Five High Dividend Mutual Funds for Your Portfolio

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The S&P 500 Index has an annual gain of 23.6% this year, the most since 2003’s 26.4% gain. The S&P 500 closed up 0.1% at 1762.15 today.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE