DWS : AuM growth and performance fees overcompensate higher cost trajectory
>Q1 2024 results came in below expectations - DWS reported Q1 2024 results below our and consensus expectations. Group adj. pre-tax profit came to € 231m and compares to € 237m consensus and our more optimistic € 272m estimate. The shortfall to consensus is linked to slightly lower revenues and modestly higher costs than expected. AuM at period end came to € 941bn, up 12% y-o-y and stood above consensus expectation of € 921bn and our € 938bn estimate. A surprisingly l...DWS Group GmbH & Co KgaA is a Germany-based company that provides integrated investment solutions. The Company offers active, passive and alternative investments across a wide range of asset classes, including Hedge Funds, Sustainable Investments, Private Equity, Liquid Real Assets, Real Estate, Equities and Fixed Income. It invests primarily in the areas of environmental, social and governance. The Company's clients include corporations, central banks, insurers, pension funds, public institutions, financial institution, not-for-profit organizations, as well as private investors. The Company is active in around 22 countries in Europe. Deutsche Bank AG is a majority shareholder of the Company.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.