Deutsche Bank : Normalisation of IB revenues should drive profitability
>Q4 2023 results were a mixed bag and below consensus expectations - Deutsche Bank reported a mixed set of Q4 2023 results which came in below market expectations. Adjusted pre-tax profit was € 891m vs € 1,242m for the consensus. While the Corporate Bank activity were in line with forecasts, IB, PB and AM contributed pre-tax profit levels below the consensus. Besides one-off cost items, a higher cost of risk (41bp of average loans driven by the macro environment and a...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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