Deutsche Bank (DB) Offers Updates on Segmental Q2 Performance

Group 1: Financial Performance and Projections - Deutsche Bank's Investment Bank segment revenues are expected to rise year over year in Q2 2024, driven by significant growth in Origination & Advisory revenues, which increased by 54% to €503 million in Q1 2024 [1][2] - Fixed Income and Currencies revenues are anticipated to be slightly lower in Q2 2024 compared to the previous year, despite a 7% increase to €2.5 billion in Q1 2024 [2] - The Corporate Bank segment is projected to see steady growth in non-interest income, while net interest income is expected to remain resilient, leading to stable overall segment revenues [2] Group 2: Cost Management and Litigation - Deutsche Bank aims to achieve a cost trajectory of around €5 billion in Q2 2024, with non-interest expenses declining by 3% year over year to €5.3 billion in Q1 2024 [3] - The bank has recognized €1.3 billion related to the Postbank litigation issue in the Corporate & Other segment in Q2 2024 [3] Group 3: Stock Performance - Over the past six months, Deutsche Bank's stock has gained 33.5%, outperforming the industry's growth of 13.6% [5]