<u+2014> holger zschaepitz (@schuldensuehner) october 27, 2016 




deutsche bank ag<u+2019>s surprise third-quarter profit was overshadowed by chief executive officer john cryan failing to dispel concerns that uncertainty tied to a u.s. settlement will continue to linger. 




net income was 256 million euros ($279 million) after a loss of 6.01 billion euros a year ago, the frankfurt-based lender said on thursday. that beat an average 394 million-euro loss forecast by 14 analysts in a bloomberg news survey. trading revenue rose 10 percent, driven by debt and currencies, the biggest source of income, also beating estimates. 




cryan, 55, has struggled to stem a slide in shares and maintain client confidence after the u.s. department of justice last month requested $14 billion to settle a probe into faulty securities, more than twice the bank<u+2019>s legal provisions. some investors have called for deeper cost cuts amid concern that the lender will have to raise capital even after eliminating thousands of jobs. 




<u+201c>this is a small step on the path to improvement, but there are still many potholes in the road,<u+201d> said ulf moritzen, who helps manage about 2.4 billion euros, including deutsche bank shares, at aramea asset management in hamburg, germany. <u+201c>the mood will be pretty depressed until the big settlements are out of the way.<u+201d>
under-pressure deutsche bank reports surprise profit but 14% rise in debt trading revenues way behind barclays & co.
iwb