DWS Q3 Pretax Profit Misses Expectations, Barclays Says
DWS's adjusted pretax profit was 5.8% below expectations, while revenue missed by 2.2%; costs were in line. Barclays said lower performance fees and other revenue drove the shortfalls.
DWS's lower-than-expected pretax profit in the third quarter should weaken shares this session, Barclays says in a research note. The German asset manager's adjusted pretax profit was 5.8% below expectations on a 2.2% revenue miss, due to lower performance fees and other revenue, with costs in line…