Deutsche Bank's net profit surged by almost 50 per cent in the third quarter as thriving financial markets lifted trading profits to boost its shares.
Germany's flagship lender reported net profit of €991 million ($1.20 billion) as profits from buying and selling shares and other securities rocketed.
Deutsche Bank's trading income was slightly above €2 billion - 60 per cent higher than a year earlier and above the €1.8 billion that analysts surveyed by Reuters had expected on average.
Deutsche Bank's shares opened lower but quickly recovered to outpace the broader German market. The stock was up 1.5 per cent at 7.41am, making it the strongest gainer in the blue-chip DAX index.