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Credit environment worse than normal but not in period of stress, Deutsche Bank CFO says

Deutsche Bank shares surge 7% after net profit beats expectations

Deutsche Bank shares popped on Wednesday, after the lender slightly beat expectations with its thirteenth straight profitable quarter and said it would increase and accelerate shareholder pay-outs. Third-quarter net profit was 1.031 billion euros ($1.06 billion), above an analyst consensus of quarterly net profit attributable to shareholders of 997 million euros, according to LSEG data....