Deutsche Bank AG Key Updates for 1Q 2026

Deutsche Bank AG has released key updates for the first quarter of 2026. The bank anticipates group revenues to be relatively flat year-over-year, with a positive shift in revenue mix. The Private Bank and Asset Management divisions are showing year-over-year revenue growth, while the Corporate Bank expects growth in the second half of the year. Investment Bank revenues are projected to be stable, with Fixed Income & Currencies (FIC) slightly impacted by foreign exchange effects. Overall, divisional revenues are expected to contribute positively, offsetting anticipated lower revenues in Corporate & Other. The bank maintains a positive outlook on asset quality, expecting provisions for credit losses (CLPs) to trend towards a lower average run rate. Cost discipline remains a focus, with a slight year-over-year increase in non-interest expenses anticipated due to strategic investments. Profitability is expected to improve annually. Deutsche Bank plans a share buyback program of €1 billion and intends to propose a dividend of €1.00 per share for FY 2025, with an increased payout ratio target of 60%. The bank aims for a CET1 ratio between 13.5-14.0%. Significant management board changes are scheduled for May and July 2026 to support the bank's strategy. Moody's Ratings has raised the outlook on Deutsche Bank's Deposit Rating to "Positive".