Strong Business Performance in Bond and Currency Aspects Led by Deutsche Bank's CFO
In a recent statement, the CFO of Germany's largest bank announced that the institution is well on track to achieve its corporate targets for the current year. However, von Moltke, the bank's private client business head, slightly dampened expectations for the private client business.
The bank's revenue in the bond and currency trading business is expected to increase by a high single-digit percentage in the third quarter, exceeding earlier expectations. This significant growth makes the bond and currency trading segment one of the bank's largest business areas.
Originally, analysts forecast a 4% growth in earnings for the bond and currency trading segment in the third quarter. But according to von Moltke, the revised expectations for this segment have been upward, with earnings potentially exceeding consensus estimates.
The bank remains very confident about its capital ratios and liquidity situation, a sentiment echoed by von Moltke when discussing the retail customer business. Despite analysts' forecast of a 5 to 10 percent increase in profitable growth for the retail customer business, von Moltke described this estimate as possibly too high.
Similarly, von Moltke expressed doubts about the analyst estimate for the growth in earnings for the private client business, stating it might be too optimistic as well.
The bank has set ambitious goals for the future, aiming to achieve an equity return on investment of more than ten percent and a cost-income ratio of less than 65 percent by 2025. The bank's statement reiterated that things are moving in the right direction.
However, the CFO has not provided any new information about the bank's capital ratios or liquidity situation, despite earlier statements expressing confidence. Additionally, the CFO has not stated whether the bank is still on track to achieve its corporate targets for the current year, despite earlier statements to that effect.
Despite these slight reservations about the private client business, the bank's focus remains on its robust bond and currency trading business, which continues to show strong growth potential.
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