DEUTSCHE BANK BACK ON TRACK? – Deutsche Bank, in a shocking turn of events, has surpassed analysts’ expectations by making twice as much profit in the second quarter of the year as predicted. Deutsche Bank earned profits of around €700m, Deutsche said in statement “Management believes that these results demonstrate the resilience of the franchise.” Although analysts’ were very quick to point out that the bumper profits appeared to be driven by exceptional items and that the underlying earnings might have been below expectations.Neil Smith, ACA, Analyst at Bankhaus Lampe said, “What today’s statement shows is that Deutsche now seems to be making very good progress in reducing costs, especially those costs involving staff. That is probably one reason the share price is doing so well – it now looks like they are making sufficient headway on one of the key sources of concern for investors.” #SpartanInternational