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Deutsche Bank CFO Weakens Revenue Goal Two Months Into Plan

  • Analysts have expressed doubt about bank’s revenue goals
  • Says economic environment has become more fragile recently
James von Moltke
James von MoltkePhotographer: Alex Kraus/Bloomberg
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Deutsche Bank AG Chief Financial Officer James von Moltke softened the lender’s mid-term revenue target just two months after setting it.

The company now expects revenue of 24 billion euros ($26.6 billion) to 25 billion euros in 2022, von Moltke said at the Barclays Global Financial Services Conference in New York Monday. That compares with a goal of about 25 billion euros announced when the bank presented its new strategy in early July.