Oct 29): Deutsche Bank AG exceeded analyst estimates for fixed-income trading, giving tailwind to chief executive officer Christian Sewing just a couple of weeks before he presents a new strategy.
Third-quarter revenue at the German lender’s fixed-income trading unit rose 19% over the previous year’s period to €2.48 billion (US$2.88 billion, or RM12 billion), the bank said in a statement on Wednesday. The consensus analyst estimate was for €2.24 billion.
“It’s a record quarter” and Deutsche Bank is expected to achieve its full-year targets, chief financial officer James von Moltke said on Bloomberg TV. “Macro products have been strong all year, but in this quarter, credit trading also came through with very strong results.”
Group revenue reached €8.04 billion and net income was €1.56 billion in the third quarter, according to the release, with both metrics likewise beating forecasts.
The earnings set a positive tone for the bank, as Sewing is preparing to present a new strategy for the coming years at an investor day slated for Nov 17.
Sewing previously said he will seek to keep growing the investment bank unit in his new plan. He has also disclosed plans to hire “senior bankers” to expand the business with German corporate clients specifically.
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| Key figures (in € billion) | 3Q2025 | 3Q2024 | Estimate |
|---|---|---|---|
| Revenue | 8.04 | 7.50 | 7.74 |
| Costs | 5.18 | 4.74 | 5.13 |
| Credit provisions | 0.42 | 0.49 | 0.41 |
| Net income | 1.56 | 1.46 | 1.49 |
| CET1 ratio | 14.5% | 13.8% | 14.3% |
The CEO said in the release on Wednesday that the bank is “on track” to deliver on a pledge to return more than €8 billion to shareholders from 2022 to 2026.
“We have built firm foundations for the next phase of our strategy journey,” Sewing said in the release.
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