Shares in Deutsche Bank AG jumped by more than one per cent Friday after Germany's biggest bank reported a 46 per cent surge in third-quarter net profits, reported dpa. The Frankfurt-based bank said that earnings from July to September leaped to 991 million euros (1.2 billion dollars) powered by a solid rise in trading income and a strong performance by its investment banking business. "In our core markets, we saw increased customer activity against a backdrop of rising confidence in the world's financial markets," Deutsche Bank's chief executive, Josef Ackermann, said releasing the results. "We now look forward with confidence to a successful conclusion to 2005 and to continued success in 2006," he said. Ackermann has set out a a pre-tax earnings target for the year of about six billion euros. Deutsche's trading income grew by 60 per cent to more than two billion euros during the quarter under review. Earnings-before-tax over the three months soared by 87 per cent to 1.88 billion euros with the sale of shares in car giant DaimlerChrysler AG bringing in 337 million euros before tax. --mor 1411 Local Time 1111 GMT
