Deutsche Bank sees slightly lower fixed income revenue in Q2

By Thomson Reuters May 31, 2024 | 6:55 AM

BERLIN (Reuters) – Deutsche Bank expects a slight decline in its fixed-income business this quarter, but still sees overall revenue of 30 billion euros ($32.56 billion) in 2024, the chief financial officer of Germany’s largest bank said.

“Looking at fixed income and currencies, we would expect that to come in slightly lower in the second quarter versus the prior year’s quarter”, James von Moltke said on Thursday night at an investors’ conference in New York, according to a recording provided by the bank on Friday.

“Overall, we expect to be up in the investment bank year on year, driven by significantly higher revenues in origination and advisory, and there we maintain some of the momentum that you saw in the first quarter”, von Moltke said, adding that operational performance continues to be strong across businesses.

“It has been a good quarter”, the CFO said.

($1 = 0.9213 euros)

(Reporting by Klaus Lauer, writing by Thomas Seythal; Editing by Chizu Nomiyama)