Deutsche Bank : Better underlying revenue momentum ahead
>We increase estimates based on better underlying revenue trend - We have reviewed our estimates following Q2 2024 reporting which came in ahead of our and consensus estimates. Deutsche Bank reported a Q2 2024 net loss of € 143m, which stood below € 280m consensus loss estimate and our € 444m loss estimate. Adj. pre-tax profit came to € 2,122m and compares to € 1,963m consensus and our € 1,805m estimate. RoTE adj. for Postbank litigation provision came to 7.8% in the...Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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