08:40 AM EDT, 03/17/2026 (MT Newswires) -- Deutsche Bank's ( DB ) Q1 revenue from trading is likely to be lower due to foreign currency developments, Chief Executive Christian Sewing said Tuesday, according to a FactSet transcript.

Speaking at a conference hosted by Morgan Stanley, Sewing said Q1 overall revenue at the investment bank may be approximately flat year over year. While he sees an increase in the origination and advisory business, Sewing said fixed income trading may potentially be lower, the transcript showed.

He said trading performance would be higher if foreign currency impact were excluded. "If I adjust that for FX, honestly, we are rising in the trading business," Sewing said, according to the transcript.