Deutsche Bank : NII and CB growth coupled with cost discipline drives bottom line profits
>Higher estimates driven by NII and volume growth - We have reviewed our estimates for Deutsche Bank following a robust 9M 2022 earnings trend which came in ahead of our estimates. Rising interest rates provide a substantial tailwind for bottom line earnings and state aid for energy costs should limit the increase of cost of risk linked to German SME companies. Furthermore, Deutsche Bank’s Corporate Bank should increasingly benefit from value chain reorganisation of G...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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