FRANKFURT, June 15 (Reuters) – Deutsche Financial institution’s (DBKGn.DE) income at its funding financial institution division seemingly dropped by at the very least 15% within the second quarter from a 12 months earlier, the lender’s finance chief mentioned on Thursday, an even bigger drop than analysts have till now anticipated.
James von Moltke, talking at a monetary convention, mentioned that the quarter’s income on the funding financial institution can be “down 15%, possibly a bit worse than that”.
Analysts till now had anticipated income of two.386 billion euros within the second quarter, based on the most recent consensus on Deutsche Financial institution’s web site. That may be a 10% drop from a 12 months in the past.
He mentioned the outlook was “moderately beneficial”.
Deutsche Financial institution’s shares have been down 2.3% at 1100 GMT, after having misplaced floor whereas he was talking.
Reporting by Tom Sims
Modifying by Miranda Murray
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