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European banks post profit gains

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-07-29 08:40 UTC → 2026-07-30 01:54 UTC · added removed

Barclays and Deutsche Bank have led a wave of stronger‑than‑expected earnings in late July 2026, emphasizing the upside from investment‑banking activity. Barclays reported a 17 % rise in first‑half pre‑tax profit to £6.1 bn, driven by an 11 % jump in its investment‑banking division and a sharp increase in equities‑trading revenue. The bank lifted its full‑year income guidance, announced a £1 bn share‑buyback and raised its interim dividend, while warning of higher operating costs. Deutsche Bank followed posted a record second‑quarter 2026 profit, with an pre‑tax earnings up 11 % year‑on‑year increase in Q2 pre‑tax profit to €2.68 bn, confirming bn and after‑tax profit at a record‑setting quarter. quarter‑high of roughly €1.7 bn. Revenue grew 9 % to €8.48 bn and after‑tax profit rose 10 bn, driven by a near‑60 % surge in investment‑banking pre‑tax profit to €1.64 €1.3 bn. The investment‑banking arm delivered €1.3 bn in pre‑tax earnings – about a 60 % surge – while the cost‑to‑income cost‑income ratio improved to 63 % and return on equity reached 11 %. CEO Christian Sewing said the results reinforce confidence in meeting the bank’s 2028 targets, citing AI‑driven opportunities. Deutsche Bank added a further The bank announced an additional €500 million share‑buyback share‑repurchase programme for the second half of the year, expects total 2026 earnings of €33 bn, and saw supplementing an existing €1 bn buy‑back; its share price climb shares rose about 3 % to around €31.5‑32 on Xetra. €32. Together, the reports illustrate a broader trend of European banks leveraging robust investment‑banking performance to boost earnings, return capital to shareholders, and manage cost pressures as they pursue longer‑term growth objectives.

Versions

  1. 2026-07-30 01:54 UTC European banks post profit gains
  2. 2026-07-29 08:40 UTC European banks post profit gains
  3. 2026-07-29 08:36 UTC European banks post profit gains

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