Deutsche Bank Expects Quarterly Profit to Meet Expectations
- CFO von Moltke suggests improved debt costs may not reflected
- Adjusted costs to be higher than consensus estimate, CFO says
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Deutsche Bank AG’s third-quarter earnings may be a mixed bag, Chief Financial Officer James von Moltke suggested Wednesday.
While the bank expects its pretax profit to be broadly in line with a consensus forecast of 327 million euros ($385 million), its adjusted costs will exceed the estimate, Moltke said at an investor conference hosted by Bank of America Merrill Lynch in London.