Deutsche Bank headquarters is photographed in Frankfurt, Germany, Friday, June 1, 2018. (AP Photo/Michael Probst)
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Investors in Europe's perennially underperforming banks are no strangers to disappointing earnings, but the third quarter brought an unusually large array of scandals and market turmoil that could test their conviction.Trading PainDeutsche Bank AG, Germany's largest lender, will kick off the earnings season Wednesday, along with Barclays PLC, giving a first glimpse how Europe's investment banks stacked up against their U.S. peers. Analysts are predicting a tough quarter and expect Deutsche Bank, Credit Suisse Group AG and BNP Paribas SA to report year-on-year declines. UBS Group AG, Barclays and Societe Generale SA may gain.Some analysts expect double-digit declines at Credit Suisse, Deutsche Bank and BNP and smaller drops at Barclays, UBS and SocGen.JPMorgan Chase & Co.'s Kian Abouhossein has predicted double-digit increases from the stocks units at UBS, BNP, SocGen and Barclays.Santander, the biggest Spanish bank that reports earnings Oct. 31, confirmed this month that it is under investigation, joining a list that among the Europeans includes Barclays and BNP Paribas.
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