Deutsche Bank (DB.US) CFO: Strong momentum in business growth in Q4, fixed income, underwriting, and consulting departments performing well.
13/11/2024
GMT Eight
Deutsche Bank Aktiengesellschaft (DB.US) Chief Financial Officer James von Moltke told investors that halfway through the fourth quarter, the company's business growth momentum is "very encouraging."
On Wednesday, he said at a conference organized by UBS Group AG, "This investment bank has performed well in fixed-income, underwriting, and advisory."
Von Moltke also stated that Deutsche Bank Aktiengesellschaft will rely on advisory and loan income next year to help achieve revenue growth targets of about 2 to 3.2 billion euros.
He noted that income from providing advice for company mergers or debt issuances could contribute up to 500 million euros to revenue growth, and net interest income should also contribute a similar amount. He stated that this German bank also expects to continue expanding its market share in fixed-income trading and sees a recovery in wealth management, especially in Asia.
In the third quarter, Deutsche Bank Aktiengesellschaft outperformed most Wall Street peers in bond and foreign exchange trading, achieving an 11% growth.