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Lower Q3 income, revenues expected at under-pressure Deutsche Bank

Deutsche Bank AG is expected to report weaker net income for the third quarter just as it needs to reassure investors who have begun questioning the group's five-year restructuring plan.

Germany's largest private bank by assets is set to announce earnings Oct. 26, with a consensus of analysts expecting net income of €255 million for the three months to Sept. 30, down from €278 million a year ago. Revenues are expected to come in at €6.86 billion, down from €7.49 billion.

The weaker outlook comes at a tough time for the bank, which faces pressure from investors becoming impatient with CEO John Cryan and his revamp plan.

Although he has pleased some by resolving legacy misconduct cases, raising €8 billion in fresh capital in early 2017 and reducing risk in the securities unit, others have suggested Cryan should be replaced if performance does not improve before the annual shareholders' meeting in May 2018, Bloomberg News reported. They are displeased with lackluster revenues and a share price that has lagged the broader market. Returns are stubbornly low.

Deutsche's shares have lost more than 40% of their value since the start of the restructuring in October 2015.

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