Deutsche Bank CFO Raja Akram expects third-quarter investment banking revenue to be flat or slightly lower year-over-year. Akram attributed the outlook to a tough comparison against last year’s strong performance during the Bank of America 31st Annual Financials CEO Conference on Wednesday.
The bank continues to execute its 2028 strategy focused on revenue diversification and cost control. Management plans to leverage artificial intelligence to drive increased operational efficiency.
Deutsche Bank also reported stable asset quality. The firm remains committed to its plan for increasing capital returns to shareholders.