Deutsche Bank shares fall 4% after profit warning
Deutsche Bank shares fell more than 4% on Wednesday following a profit warning and amid fears it may have to raise more capital to strengthen its balance sheet.
It expects net profit of 700m euros (£548m) for the second quarter, down from 1.2bn euros for the same period last year.
That forecast is about 400m euros below analyst expectations.
Net revenues would fall to about 8bn euros, down from 8.5bn euros, it said.
Non-interest expenses rose from 6.3bn euros to 6.6bn euros due to a weakening euro.
The bank's shares have fallen 40% over the last year reflecting weakening investment bank revenues and fears that it will be impacted by the eurozone debt crisis.
The bank issued the statement in advance of its official second quarter results, due to be published on 31 July.