Deutsche Bank Revenue From Debt Trading Beats U.S. Peers
This article is for subscribers only.
Deutsche Bank AG, Europe’s biggest investment bank, surprised analysts by reporting revenue from debt trading that beat four out of five U.S. peers and helped boost pretax profit 16 percent.
Income from trading debt and currencies was 1.83 billion euros ($2.5 billion) in the second quarter, little changed from a year earlier and exceeding the 1.63 billion-euro average estimate of eight analysts. The five biggest U.S. banks saw their combined revenue from trading fixed income, currencies and commodities fall 9.4 percent to $12.1 billion in the period, data compiled by Bloomberg Intelligence show.