Deutsche Bank on July 21 said that its common equity Tier 1 ratio, the key regulatory measure of capital, was 13.3% at the end of the second quarter. That compared with an average analyst forecast of 12.4%, using company-supplied consensus, and 12.8% at the end of the first quarter.
The German lender said it pre-announced the CET1 ratio because it judged the figure to be significantly above market expectations. Deutsche Bank said that the rest of its financial results for the three-month period ending on June 30 were “slightly above average consensus estimates”. It will give details on July 29, the scheduled release date for earnings.
Shares in the German bank were down 1.88% to 8.71 euros at 1300 GMT on July 21. The Euro STOXX Banks Index was up 2.2%.