Deutsche Bank 2024 Outlook: Revenue On Track For €30B (Vs. €29.44B Est.) Target, Cost Control Measures Ongoing; €1.8B Credit Loss Provision
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank is on track to meet its 2024 revenue target of €30 billion, surpassing the estimated €29.44 billion. The bank is maintaining cost control measures and has a credit loss provision of €1.8 billion. The CFO expressed confidence in meeting future goals due to strong capital and balance sheet positions.
October 23, 2024 | 9:09 am
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Deutsche Bank is expected to meet its 2024 revenue target of €30 billion, exceeding the estimated €29.44 billion. The bank is implementing cost control measures and has a credit loss provision of €1.8 billion, indicating strong financial health and confidence in future goals.
The news highlights Deutsche Bank's strong financial performance and its ability to exceed revenue expectations. The cost control measures and credit loss provision indicate prudent financial management, which is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100