THE RESULTS: Deutsche Bank AG, Germany's biggest bank, says gains at its transaction banking and asset management operations helped offset a weaker investment banking performance in the second quarter. Net income rose a better-than-expected 9 percent to nearly 1.2 billion euros ($1.55 billion).
THE BACKDROP: The April-June period included the peak of the eurozone debt crisis. Increased investor uncertainty and higher market volatility hurt the investment banking industry.
WHAT HELPED: The bank set aside just 243 million euros for bad loans, down from 1 billion euros a year ago. That countered a drop in overall revenue to 7.2 billion euros from 7.9 billion euros a year earlier.