Deutsche Bank predicted to reveal a loss this week, and it doesn’t look good for 2016 on the whole either
Deutsche Bank is expected to report a loss when it reveals its results on Thursday.
According to a consensus of analysts' thoughts, the embattled German lender is predicted to report a net loss of €610m (£542.9m) for the third quarter of the year, although some have forecast quarterly losses could be as deep as €2.1bn.
Analysts have also predicted full-year losses for 2016 of €1.4bn.
The consensus noted that adjusted net income could be far more forgiving, with an average prediction of €204m in the black for the bank's third quarter and net income of €920m for the full year.
The predictions for this year are also an improvement on Deutsche Bank's actual results for 2015, when the lender announced €6bn net losses for its third quarter, thanks to a spike in operating expenses, and €6.8bn net losses for the full year, its first full year loss since 2008.
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Many investors will also be looking at Deutsche Bank's results for hints of how negotiations are progressing over a potential $14bn (£11.5bn) fine from the US Department of Justice for mis-selling mortgage backed securities.
The German bank's shares have been on a rollercoaster ride ever since the penalty amount was revealed, particularly after reports emerged suggesting German Chancellor Angela Merkel was not willing to extend state assistance to the bank.
Shares closed on Friday at €13.12, slightly above the €13.10 closing price the night before the potential mega-fine was revealed.