Deutsche Bank Reports Record Profit, Plans $569 Million Buyback

Deutsche Bank reported a record profit for the second quarter of 2026, driven by strong performance from its investment banking division. The bank's earnings beat market expectations, leading to a surprise increase of ten percent. In response, Deutsche Bank announced a new share buyback program worth $569 million. The results mirror a broader trend among major banks, including UBS and Wall Street rivals, which also saw trading-led profit surges.