Deutsche Bank : Q2 2023 points to solid revenue momentum and higher cost of risk
>Q2 2023 reported pre-tax profit of € 1,405m ahead of € 1,188m consensus - Deutsche Bank reported strong underlying Q2 2023 results. Reported group pre-tax profit came to € 1,405m ahead of € 1,188m consensus despite digesting the higher than expected one-off cost of € 655m (€ 395m litigation charges and € 260m restructuring and severance). The adjusted pre-tax profit stood at € 2.060m in the quarter. The adj. RoTE for the quarter came to 8.1% and to 9.3% for H1 2023 (...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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