Deutsche Bank says on track towards 2024 revenue guidance of around EUR 30B

The company said, “Net revenues were EUR 7.6B in the second quarter, up 2% over the second quarter of 2023. Commissions and fee income grew 12% year on year to EUR 2.6B, the second consecutive quarter of double-digit growth. Net interest income in the key segments of the banking book was stable year on year; Group reported net interest income was lower, driven by asymmetries in the recognition of revenues arising from certain hedging positions which are recorded in noninterest income. These asymmetries do not impact the Group’s total revenues. For the first six months, revenues also rose 2% to EUR 15.4B, more than halfway towards the bank’s full-year 2024 guidance for revenues of around EUR 30B, and commissions and fee income grew 12% to EUR 5.2B.”