23 days ago
Deutsche Bank sees lower 2017 revenues after mixed second quarter
Deutsche Bank forecast lower full-year revenues and only a modest improvement in earnings on Thursday, after second-quarter sales were hit by a drop in capital markets trading. "This reflects our expectation that market volatility and related client activity remain muted, whereas our macro outlook remains broadly positive," Deutsche said, referring to its full-year guidance. "Revenues were not as universally strong as we would have liked, in large measure because of muted client activity in many of the capital markets," he said in a statement.