DB Gold Short Exchange Traded Notes (DGZ) has released an update.
DB Gold Short Exchange Traded Notes has provided their Q1 2024 financial updates, projecting a steady revenue trajectory with slight increases in Investment Bank earnings and a consistent €30bn revenue target for the year. Adjusted costs are anticipated to drop to €5bn per quarter due to one-off item non-recurrence and additional management actions, while provisions for credit losses are expected to stay at the upper range of 25-30bps of average loans. Additionally, Deutsche Bank plans to enhance shareholder distributions to 50% of net income from FY 2024 and has proposed a dividend of €0.45 per share for FY 2023.
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