Deutsche Bank reported a 29% decline in dealmaking fees in its latest quarterly earnings, reflecting continued challenges in global investment banking activity. Despite the drop in advisory and underwriting revenues, the bank’s fixed income trading division delivered a strong performance, helping to cushion the overall impact on earnings.
The slump in fees mirrors a broader industry trend, with fewer mergers and IPOs closing amid economic uncertainty and higher interest rates. However, Deutsche Bank’s bond and currency traders capitalized on market volatility, driving a notable uptick in fixed income revenues.
CEO Christian Sewing reiterated the bank’s focus on long-term profitability, noting that the strong trading performance validates its diversified business model. While the dealmaking environment remains pressured, executives expressed optimism about a potential rebound in the second half of the year.
