Deutsche Bank Records €47 Billion in New Client Funds, Boosting Q3 Profits

In the third quarter, Germany’s largest investment bank, Deutsche Bank, attracted a record €47 billion in new client money, with €31 billion flowing into its asset‑management arm and €17 billion into its private bank. Most of the inflows went to passive index‑tracking funds, supporting higher management fees that rose 14% on larger average assets. The bank’s after‑tax profit reached €1.9 billion, and its loan portfolio grew 5% year‑on‑year to €22 billion. Despite a 7% decline in European bank stocks since early September, Deutsche Bank’s shares gained about 3% in Frankfurt and 1.6% on the NYSE. The bank maintains a 2026 revenue target above €33 billion and a 2028 return‑on‑tangible‑equity goal above 13%. Reason: The inflows and profit lift demonstrate that Deutsche Bank’s asset‑management and private‑banking segments can drive growth even as European bank stocks remain pressured, offering insight into potential recovery paths for the sector amid rising yields and loan‑activity concerns.