DWS : Q2 2023 results driven by strong revenue generation
>Adj. pre-tax profit of € 260m ahead of estimates - DWS reported Q2 2023 pre-tax profit adj. of € 260m which came in ahead of € 224m consensus and our € 241m estimate. The beat was driven by a strong revenue generation helped by higher-than-expected performance fees and NII income. Management fees were only slightly below expectation as the management fee margin came to 27.4bp vs 27.7bp consensus expectations. Adj. cost increased only moderately by 2.4% y-o-y to € 408...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.