DB - Deutsche Bank reports Q2 results

Deutsche Bank (DB): Q2 GAAP EPS of €0.20.Revenue of €6.24B (-0.8% Y/Y) beats by €310M.Common equity Tier 1 ratio 13.2%, estimate 13.1%.Provision for credit losses of €75M, down 90% compared to €761M in Q2 2020.Deutsche Bank reaffirmed its 2022 ratio targets in the light of progress made in its transformation, namely:A post-tax RoTE of 8% at Group level and over 9% for the Core Bank;A cost/income ratio of 70%;A Common Equity Tier 1 capital ratio of above 12.5% and a leverage ratio (fully-loaded) of ~4.5%.DB will no longer disclose an absolute cost target for 2022, which it had previously put at €16.7B, as it focuses on the cost/income ratio.Press Release

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Deutsche Bank reports Q2 results