Core Viewpoint - Deutsche Bank reported its strongest second-quarter performance since 2007, with a significant increase in pre-tax profit driven by a sharp decline in litigation-related costs [1][4]. Group 1: Financial Performance - In Q2, Deutsche Bank's pre-tax profit surged to €2.4 billion, up from €0.4 billion in the same period last year, primarily due to a reduction in legal provisions [1]. - The bank released €85 million in legal provisions this quarter, compared to €1.3 billion in the same quarter last year related to the Postbank acquisition [1]. - The cost-to-income ratio improved significantly from 78.1% last year to 62.3% this year, moving towards the target of below 65% for the year [4]. Group 2: Investment Banking Division - The investment banking division contributed approximately one-third of the bank's revenue, showing mixed results [3]. - Fixed Income and Foreign Exchange (FICC) trading revenue increased by 11% year-on-year to €2.28 billion, exceeding analyst expectations [3]. - However, revenue from mergers and acquisitions advisory services declined by 29%, reflecting a slowdown in global trading activity [3]. Group 3: Future Outlook and Shareholder Commitment - The management expressed optimism about achieving all targets set for 2025 and plans to increase capital distribution to shareholders thereafter [6]. - Deutsche Bank confirmed it has submitted a stock buyback application to the European Central Bank, although specific amounts were not disclosed [6]. - The implementation of new capital regulations, known as CRR3, will not affect the bank's dividend strategy [6].