{"id":65584,"date":"2026-07-29T01:38:14","date_gmt":"2026-07-29T05:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/deutsche-bank-posts-record-q2-profit-jpmorgan-lifts-u-s-bancorp-outlook\/65584\/"},"modified":"2026-07-29T01:38:14","modified_gmt":"2026-07-29T05:38:14","slug":"deutsche-bank-posts-record-q2-profit-jpmorgan-lifts-u-s-bancorp-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/deutsche-bank-posts-record-q2-profit-jpmorgan-lifts-u-s-bancorp-outlook\/65584\/","title":{"rendered":"Deutsche Bank Posts Record Q2 Profit; JPMorgan Lifts U.S. Bancorp Outlook"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Deutsche Bank (<a href=\"\/stock\/DB\">DB<\/a>) reported a record second-quarter net profit of \u20ac1.9 billion<\/strong>, significantly exceeding analyst expectations of \u20ac1.377 billion.<\/li>\n<li><strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>) upgraded U.S. Bancorp (<a href=\"\/stock\/USB\">USB<\/a>) to Neutral from Underweight<\/strong>, raising its price target to <strong>$67.50<\/strong> (with some reports indicating targets as high as <strong>$69.00<\/strong>).<\/li>\n<li><strong>Deutsche Bank announced a new \u20ac500 million share buyback<\/strong> program for the second half of 2026, following the completion of its current \u20ac1 billion program.<\/li>\n<li><strong>U.S. Bancorp&#39;s upgrade was driven by robust fee income momentum<\/strong>, specifically citing the integration of the <strong>BTIG<\/strong> capital markets business.<\/li>\n<li><strong>Both financial institutions reaffirmed their long-term targets<\/strong>, with Deutsche Bank remaining on track for its <strong>\u20ac33 billion<\/strong> 2026 revenue ambition.<\/li>\n<\/ul>\n<h2>Deutsche Bank Delivers Record Performance<\/h2>\n<p>Deutsche Bank (<a href=\"\/stock\/DB\">DB<\/a>) posted its strongest-ever second-quarter results on Wednesday, defying analyst forecasts of a profit decline. The German lender reported <strong>net revenues of \u20ac8.48 billion<\/strong>, up 9% year-over-year, and a <strong>pretax profit of \u20ac2.68 billion<\/strong>, which beat the consensus estimate of \u20ac2.39 billion. This performance was largely powered by the investment banking division, where <strong>Fixed Income &amp; Currencies (FIC) sales and trading revenue reached \u20ac2.6 billion<\/strong>, surpassing estimates of \u20ac2.41 billion.<\/p>\n<p>Following these results, CEO Christian Sewing confirmed that the bank is firmly on track to meet its <strong>2026 revenue target of approximately \u20ac33 billion<\/strong>. To reward shareholders, the bank plans to launch a <strong>new \u20ac500 million share buyback<\/strong> in the second half of the year. Management also expressed increased confidence in exceeding 2028 financial targets, citing advancements in <strong>AI-driven cost savings<\/strong> and a stabilizing regulatory environment.<\/p>\n<h2>JPMorgan Shifts Stance on U.S. Bancorp<\/h2>\n<p>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>) analyst Vivek Juneja upgraded U.S. Bancorp (<a href=\"\/stock\/USB\">USB<\/a>) from <strong>Underweight to Neutral<\/strong>, marking a significant shift in sentiment for the regional banking giant. The firm increased its price target for <strong>USB<\/strong> by <strong>$1.50<\/strong>, bringing it to <strong>$69.00<\/strong> according to the latest market headlines, though some earlier reports cited a move to <strong>$67.50<\/strong>. The upgrade follows a strong second-quarter earnings beat where the bank reported <strong>EPS of $1.35<\/strong> against the $1.27 expected by Wall Street.<\/p>\n<p>The rationale behind the upgrade centers on <strong>U.S. Bancorp&#39;s<\/strong> accelerating fee income, bolstered by the acquisition of <strong>BTIG<\/strong>. Analysts noted that the bank achieved <strong>400 basis points of positive operating leverage<\/strong> year-over-year. While the stock has recently traded near its <strong>52-week high of $64.84<\/strong>, the new price targets suggest further upside as the bank transitions toward a higher-growth fee-based revenue model.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Deutsche Bank (DB) reported a record second-quarter net profit of \u20ac1.9 billion, significantly exceeding analyst expectations of \u20ac1.377 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