Shares in troubled German lender Deutsche Bank dropped sharply on Friday to the lowest since their all-time nadir in June, as analysts made gloomy forecasts for the bank’s third-quarter results on October 24.

Deutsche shares fell by as much as 1.9% on Friday morning, touching a low of €9.42 as of 10:05 BST. They recovered to €9.49 by 12.30, down 1.1%, on a day when Germany’s benchmark index the DAX was largely flat — up 0.1% on the day to 11,599.94 as of 12.30.