Deutsche Bank : Q3 24 results point to rising non-interest income and a higher cost of risk
>Q3 2024 results slightly ahead of estimates - Deutsche Bank reported Q3 24 results just ahead of estimates. Adj. pre-tax profit came to € 1,942m and compares to € 1,849m for the consensus and our € 1,887m estimate. Revenues from operating units were 0.2% above consensus expectations while costs stood 1% above the consensus estimate. The cost of risk surprised on the downside and came in at € 494m (41bp of average loans) vs a consensus estimate of € 441m. Q3 24 RoTE ...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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