Deutsche Bank realized unexpected profit

Deutsche Bank reported a profit of €278m in Q3, which compares favorably to a 6 billion euro loss for the same period a year ago, beating analysts' average expectations that it would make a net loss of around €610 million. 
Deutsche Bank said the "tough interest rate environment" and "unsettling effect" of negotiations with US authorities had been felt.

"We continued to make good progress on restructuring the bank," CEO Cryan said in the banks results statement. "However, in the past several weeks these positive developments were overshadowed by the attention around our negotiations concerning the Residential Mortgage Backed Securities matter in the United States. This had an unsettling effect. The bank is working hard on achieving a resolution of this issue as soon as possible.”

The company is still in the midst of a restructuring plan announced last year. This involves around 4,000 job cuts in Germany, which is part of 9,000 role reductions worldwide. Deutsche Bank's shares have fallen 41% this year, more than twice the decline of the Stoxx Europe 600 Banks index.