Deutsche Bank announces preliminary results above market expectations

Krisztian Bocsi | Bloomberg | Getty Images

Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany.

Deutsche Bank expects to report second-quarter pretax profit of about 700 million euros ($818 mln) and net income of approximately 400 million euros, it said on Monday.

“The results are considerably above the average consensus estimate,” Germany’s flagship lender said in a statement.

It added that it expects group revenues to be around 6.6 billion euros.

Deutsche Bank had been expected to publish its results on July 25.