logo
Plus   Neg
Share
Email

Deutsche Bank Sees Q2 Results Slightly Above View - Quick Facts

Deutsche Bank AG (DB) said Tuesday that it expects results for the second quarter of 2020 to be slightly above average consensus estimates.

The company estimates its Common Equity Tier 1 or CET1 ratio as of June 30, 2020, to
be about 13.3% compared to 12.8% at March 31, 2020. It is above market expectations and prior management guidance. The increase in the CET1 ratio in the second quarter is principally driven by lower than anticipated credit risk weighted assets or RWAs.

The lower RWAs reflect lower loan balances driven by higher than expected repayments of credit facilities by clients, notably in the later part of the quarter, and a reduction of derivative volumes.

The client facilities were initially drawn in reaction to the COVID-19 pandemic economic challenges and subsequently repaid or refinanced.

The company will release its second quarter results on July 29.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Macy's is offering a sneak peek of its Black Friday deals for this year, so that shoppers can get a head start on finding some of the best deals. The department store has unveiled its Black Friday deals that will be available next month across categories, including fashion, fine jewelry, tech, beauty, toys and home specials. Some of the deals will be available for as low as $5. Italy's antitrust watchdog has opened an investigation against Google for an alleged abuse of dominant position in the Italian market for display advertising. This refers to the space publishers and website owners make available for the display of advertising content. Shares of Deutsche Bank AG were gaining around 3 percent in German trading after the banking major reported Wednesday a profit in its third quarter, compared to prior year's loss mainly driven by strong Investment Bank revenues. Looking ahead, the bank said it remains on track to meet all financial and strategic targets related to its transformation plan.
Follow RTT