Deutsche Bank : Revenue momentum bodes well for further operating leverage improvements
>Deutsche Bank reported Q1 2024 results ahead of estimates - Deutsche Bank reported Q1 2024 results ahead of our and the consensus expectations. Adj. pre-tax profit came to € 2,297m which compares to the € 2,147m consensus and our € 2,177m estimate. The beat was driven by IB activities while CB, PB and AM operating units came in modestly below consensus estimates. LLP stood at an elevated € 439m (37bp of average loans) but came in more benign than the € 470m consensus...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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