Asset management company DWS Group (DWS.F) reported that its third quarter net income increased to 168 million euros from 147 million euros in the prior year.
Revenues for the third quarter were 685 million euros up from 666 million euros in the previous year.
Long-term Assets under Management further increased by 30 billion euros quarter-on-quarter and by 77 billion euros compared to year-end 2023. Total Assets under Management increased to a new record level of 963 billion euros driven by net inflows and positive market developments. Compared to year-end 2023, Assets under Management increased by a total of 67 billion euros.
The outlook remains unchanged from that published in DWS' half year report 2024. The company said in its half year report 2024 that it expects adjusted revenues to be slightly higher in 2024 compared to the previous year, adjusted pre-tax profit and earnings per share to be higher.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.