Deutsche Bank reported its second quarter earnings today and markets seem to like the latest disclosure thus far, given that Deutsche Bank shares are rising in Germany.
The key take-aways are that 1) the company reported $1.2 billion euros vs. $1.1 billion euros in the year-ago quarter, 2) the company’s tier 1 ratio rose to 11.3% from 11.2% year-over-year, indicating a stronger balance sheet position which continues to be in excess of the company’s 10% target. (Tier 1 ratios are basically a bank’s equity capital as a percentage of its ‘risk-weighted assets’, RWA, whereby RWA is the sum of all loan assets, each weighted according to each loan’s riskiness)
The third key take-away is that they provided detail about the bank’s exposure to sovereign debt:
Corporate banking & securities (CB&S), global transaction banking (GTB), and private & business clients (PBC) driving earnings
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