Deutsche Bank logs ninth straight quarter of profit with big earnings beat

Deutsche Bank on Wednesday reported a net income of 1.115 billion euros for the third quarter.

Analysts had predicted a net profit of 827 million euros, according to data from Refinitiv. The German lender had beaten expectations back in the second quarter with a profit of 1.046 billion euros.

Shares of Deutsche Bank are down about 17% so far this year.

This is a breaking news story and it is being updated.