Deutsche Bank Q2 Update Shows Steady Growth

DB Gold Short Exchange Traded Notes (DGZ) has released an update.

Deutsche Bank’s Q2 2024 update indicates stable Corporate Bank revenues, with higher Investment Bank revenues year-over-year, driven by strong Origination & Advisory performance. Despite a legal provision related to Postbank litigation impacting profitability, Deutsche Bank remains on track to meet its ambitious revenue targets for FY 2024 and FY 2025. The bank’s financial strategies are supported by a positive outlook from DBRS Morningstar and stable ratings from Moody’s and Fitch, reflecting progress toward 2025 targets, disciplined cost and risk management, and a robust capital position.

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