Deutsche Bank shares are trading lower after the CFO on Thursday estimated 15%-20% decline in 2Q Fixed-Income Trading revenue.
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank's CFO estimates a 15%-20% decline in 2Q Fixed-Income Trading revenue, causing the bank's shares to trade lower.

June 16, 2023 | 10:55 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Deutsche Bank shares are trading lower due to the estimated 15%-20% decline in 2Q Fixed-Income Trading revenue.
The CFO's announcement of an estimated 15%-20% decline in 2Q Fixed-Income Trading revenue directly impacts Deutsche Bank's financial performance, leading to a drop in its share price. Investors may be concerned about the bank's ability to generate revenue in this segment, causing a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100