By Pietro Lombardi
Deutsche Bank AG expects its investment-bank arm to have another positive performance in the last three months of the year after its strong third quarter, and has a rosier outlook for the unit's revenue this year.
"We expect investment bank revenues in the fourth quarter of the year to continue to perform well and consequently be significantly higher for the full year 2020 compared to the prior year," the German bank said Wednesday.
Within the business, revenue at its key fixed-income and currency operations are seen "significantly higher" this year.
In both cases, Deutsche Bank had previously guided for higher revenue.
In the third quarter, investment bank revenue rose 43%, with the fixed-income and currency business up 47%.