Deutsche Bank CEO Says Traders Overcame ‘Rough Start' to Quarter
Deutsche Bank AG's fixed income and currency traders overcame a choppy start to the second quarter and should deliver a better result than a year earlier, according to Chief Executive Officer Christian Sewing.
Revenue in the trading unit should rise by a 'low single-digit' percentage from the second quarter of last year, Sewing said on Thursday at an investor conference hosted by Goldman Sachs Group Inc. That implies a slight miss compared to expectations, with analysts surveyed by Bloomberg currently forecasting an increase of more than 8%.
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