The bank, based in Frankfurt, Germany, said it had earnings of 16 cents per share. The bank posted revenue of $16.32 billion in the period. Its revenue net of interest expense was $7.71 billion, exceeding Street forecasts.

Christian Sewing thinks “predictability and consistency” are very important for Deutsche Bank. The German bank’s chief executive is not wrong. For much of the past 15 years, the only thing consistent about Deutsche was its ability to step on every rake it encountered.