Deutsche Bank slices its revenue target a day after merger talks with German rival Commerzbank collapse
Deutsche Bank AG cut its full-year revenue target to “essentially flat” from 2018 in quarterly results, a day after saying it ended merger talks with smaller rival Commerzbank AG.
Last month the bank forecast a slight increase in 2019 revenues. Its shares fell more than 3% after the earnings release on Friday. Cost-cutting helped Deutsche Bank boost first-quarter profit despite continuing revenue declines.
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