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MW: Deutsche Bank expects drop in Q2 net profit
 
By Polya Lesova
NEW YORK (MarketWatch) -- Deutsche Bank AG DB -1.98% DE:DBK -0.97% said in a statement on Tuesday that its second-quarter net profit fell to 700 million euros ($846 million) from 1.2 billion euros in the same period a year ago. The bank released preliminary estimates of its second-quarter results, with a full report expected on July 31. The lender's revenue dropped to 8 billion euros from 8.5 billion euros. Noninterest expenses rose to 6.6 billion euros from 6.3 billion euros, as the bank's U.S. dollar and pound sterling cost base was negatively affected by the weakening of the euro. Shares of Deutsche Bank closed down 0.2% in Frankfurt. The bank's U.S.-listed shares dropped 2% in New York.
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