DWS : Q2 2022 reflects solid performance in a challenging market environment
>Q2 2022 adj. pre-tax profit came to € 273.4m, up 10.9% y-o-y and ahead of € 266m consensus - DWS reported Q2 2022 results slightly above our and the consensus estimates. Adj. profit before tax came to € 273.4m vs the € 266m consensus and our € 255.3m estimate. The adj. cost-income ratio stood at 59.3% in the quarter and compares to the 59.5% consensus estimate. Assets under management declined by 7.7% q-o-q to € 833bn driven by -€ 25bn net flows and -€ 44bn market/FX...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.
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