Deutsche Bank AG

DBK

Equity

ISIN DE0005140008 / Valor 829257

Xetra (2024-12-23)

EUR 16.31+0.36%

Deutsche Bank AG
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About company

Deutsche Bank AG, founded in 1870, is a leading German financial institution with a significant global presence, rooted strongly in Europe. The bank operates through four main divisions: a Corporate Bank established to leverage Germany's robust economy, an Investment Bank focused on financing, advisory services, fixed income, and currencies, a Private Bank dedicated to serving private and business clients, and DWS, its asset management arm aiming for global top-10 status by investing in growth areas. Deutsche Bank offers a wide range of financial products and services to a diverse clientele, including companies, governments, institutional investors, small and medium-sized businesses, and private individuals. With a strategic emphasis on its core strengths and a commitment to growth, Deutsche Bank maintains a strong position in all major emerging markets, capitalizing on opportunities in fast-growing economies and benefiting from its stronghold in the resilient German market and the broader euro zone.

Summarized from source with an LLMView SourceSector: Finance

Net Revenue Decline

In the third quarter of 2024, Deutsche Bank AG reported a decline in net revenues by 3% year-on-year to €328 million. This decrease was primarily due to lower net interest income compared to the strong levels of the prior year quarter. For the first nine months of 2024, net revenues were down 3% to €5.6 billion.

Investment Bank Growth

Deutsche Bank AG's Investment Bank segment saw net revenues of €2.5 billion in the third quarter of 2024, marking an 11% increase over the same period in 2023. This growth was driven by both Fixed Income and Currencies (FIC) and Origination & Advisory, with FIC revenues increasing by 11% to €2.1 billion.

Private Bank Performance

The Private Bank segment of Deutsche Bank AG reported net revenues of €2.3 billion in the third quarter of 2024, remaining essentially flat year-on-year. Despite a 6% decline in net interest income, growth in investment products helped offset this decrease. Assets under management grew by €13 billion, including net inflows of €8 billion.

Asset Management Revenue Increase

In the third quarter of 2024, Deutsche Bank AG's Asset Management segment achieved net revenues of €660 million, an 11% increase over the third quarter of 2023. This growth was supported by a 6% rise in management fees, driven by both Active and Passive products, and record assets under management of €963 billion.

Provision for Credit Losses

Deutsche Bank AG reported a provision for credit losses of €494 million in the third quarter of 2024, up from €245 million in the same quarter of the previous year. This increase was largely due to provisions for non-performing loans, particularly in the Private Bank segment, while overall portfolio quality remained stable.

Summarized from source with an LLMView Source

Key figures

31.7%1Y

45.7%3Y

136%5Y

Performance

28.2%1Y

36.7%3Y

40.9%5Y

Volatility