DB - Deutsche Bank: Upside Potential With A Good Margin Of Safety
- Deutsche Bank reported 795 million EUR in net profits for Q2 boosted by its position in Zim Integrated Shipping.
- The asset manager, DWS, in which Deutsche Bank holds a 79.5% stake reported 172 million EUR in net income and a record 859 billion EUR in AuM.
- The Capital Release Unit is set to release up to 22.9 billion EUR in operational RWA (risk-weighted assets) over the coming years.
- The transfer of the Prime Finance unit to BNP Paribas is targeted for year-end 2021 completion.
- Management transitioned to a 70% cost-income ratio target for 2022 to allow for increased volume-linked expenses.
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Deutsche Bank: Upside Potential With A Good Margin Of Safety