Why Deutsche Bank Shares Are Trading Lower Today
Portfolio Pulse from Lekha Gupta
Deutsche Bank's CFO, Jacob von Moltke, estimated a 15%-20% decline in Q2 2023 fixed-income trading revenue and a 15% or worse Y/Y decline in investment bank division revenue. However, he sees encouraging stability in corporate finance advice and underwriting business, and expects Origination & Advisory business to be flat to up Y/Y in Q2 2023.
June 16, 2023 | 1:03 pm
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Deutsche Bank's stock is trading lower due to the CFO's estimation of a 15%-20% decline in Q2 2023 fixed-income trading revenue and a 15% or worse Y/Y decline in investment bank division revenue.
The CFO's estimation of a decline in fixed-income trading revenue and investment bank division revenue has a direct negative impact on Deutsche Bank's stock price. Investors are likely to react negatively to this news, causing the stock price to go down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100