Deutsche Bank at 4-month high after CFO's remarks

Tuesday, 10. September 2019 14:59

Shares of Deutsche Bank AG briefly touched their highest value in over 4 months, after CFO James von Moltke (pictured) yesterday stated he was "quite encouraged" by the investment banking revenue so far, taking into account the ongoing overhaul at the lender.

The pressure on revenue was "less than we had modelled and expected," Moltke said at the Barclays Global Financial Services Conference in New York.

The company revised down its revenue outlook to between €24 billion euros ($26.6 billion) and €25 billion in 2022.

At 2:58 pm CET, Deutsche Bank's stocks rose 2.20% to €7,490, highest since May 1.

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