FRANKFURT—Deutsche Bank posted a better-than-expected 51 percent rise in second-quarter profit on Wednesday as investment banking revenues rose, though the lender was less optimistic about the division’s prospects for the full year and warned about the economic outlook.
Germany’s largest lender also dropped its cost target for the full year and was more cautious about chances of achieving a key profit target due to inflation and a looming energy crisis.
The results come amid a week of earnings reports by major lenders across Europe, where investors are watching for signs that a weaker economy, higher interest rates, and the war in Ukraine are weighing on their operations and outlooks….