financetom
Business
financetom
/
Business
/
Deutsche Bank sees slightly lower fixed income revenue in Q2
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deutsche Bank sees slightly lower fixed income revenue in Q2
May 31, 2024 5:15 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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ING Comments on Euro, Sterling, Poland's Zloty, Turkey's Lira, Czech Republic's Koruna
ING Comments on Euro, Sterling, Poland's Zloty, Turkey's Lira, Czech Republic's Koruna
Sep 3, 2025
06:03 AM EDT, 09/03/2025 (MT Newswires) -- EUR/USD remains cheap according to ING's model, which places the short-term fair value around 1.190. While French geopolitical risk may keep the euro (EUR) from rapidly reconnecting with stronger rate differentials, the bank thinks the impact of OAT underperformance on the euro has likely run its course. Tuesday's slightly hotter-than-expected core inflation numbers...
Swedish Fintech Giant Klarna Launches US Initial Public Offering
Swedish Fintech Giant Klarna Launches US Initial Public Offering
Sep 3, 2025
06:05 AM EDT, 09/03/2025 (MT Newswires) -- Swedish fintech giant Klarna Group (KLAR) said Tuesday it launched an initial public offering of about 34.3 million shares, expected to be priced between $35 and $37 each. The company is offering 5.6 million shares, with the rest offered by certain selling shareholders. The selling shareholders have granted a 30-day overallotment option to...
Google's AI rivals get a boost from data-sharing order, but tech giant far from routed
Google's AI rivals get a boost from data-sharing order, but tech giant far from routed
Sep 3, 2025
SAN FRANCISCO (Reuters) -A rising group of artificial intelligence companies stand to gain from an antitrust ruling on Tuesday that ordered Alphabet's Google to share its invaluable search data with competitors. Matching Google's heft, though, will take time and huge resources, with no guarantees that any rival product will win as many users, experts said. While Google was spared the...
Trump to ask Supreme Court to save tariffs but faces tough legal questions
Trump to ask Supreme Court to save tariffs but faces tough legal questions
Sep 3, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump is set to imminently ask the conservative-majority Supreme Court to validate his broad emergency tariffs after two setbacks at lower courts, but will face tough legal questions as his administration presses ahead with backup plans. Legal and trade experts said that the Supreme Court's 6-3 majority of Republican-appointed justices may slightly improve Trump's odds...
Copyright 2023-2026 - www.financetom.com All Rights Reserved