Deutsche Bank and DWS shares seen rising on strong Q3 results

DWS GmbH & Co KgaA

29/10/2025 07:50

** Deutsche Bank DBKGn.DE seen up around 3% in early Frankfurt trade after the German banking giant reported surprise record profit in the third quarter, as investment banking and asset management boosted income

** Analysts at Jefferies point to fixed income, currencies and commodities (FICC) as pushing revenues for investment banking, with FICC revenue up 19% year-on-year

** Jefferies notes that investment banking missed consensus on profit before tax and that credit costs picked up nearly double year-on-year

** Asset manager DWS  DWSG.DE, a subsidiary of Deutsche Bank, also managed a "strong print" in Q3, analysts at Jefferies say, with profit driven by lower costs and higher income, especially from ETFs

** RBC and J.P. Morgan highlight for DWS that the reported profit before tax came 7% above analysts' expectations

** Shares in DWS are seen up 3.2% in early Frankfurt trade

(Reporting by Bernadette Hogg)

((bernadette.hogg@thomsonreuters.com))