BofA Expects Deutsche Bank to Report Soft Third-Quarter Results
BofA Securities analysts expect Deutsche Bank's third-quarter results to be soft, citing higher cost of risk from commercial real estate de-risking. They say the bank is nearing the end of its transition year as tailwinds build.
Deutsche Bank is approaching the end of its “transition year” as supportive factors for the German lender strengthen, BofA Securities analysts Tarik El Mejjad and Arielle Dray write. Still, they expect the bank to post a soft third quarter, citing a higher cost of risk as it reduces exposure to commercial real estate and a one…