Bloomberg reports: Deutsche Bank Returns to Profit on Trading Rebound
April 28 (Bloomberg) -- Deutsche Bank AG, Germany’s biggest bank, returned to profit in the first quarter as a thaw in credit markets buoyed trading income at the investment bank.
The company fell as much as 7.9 percent in Frankfurt trading on concern it may face further writedowns, and as earnings from the so-called stable businesses of asset management and transaction banking missed analysts’ estimates.
Well, although being lazy, I looked at their "fairy tale", on page 44 they listed the reasons of good trading performance and why they do need neither to raise capital, nor government guarantees or other form of assistance ... Click to enlarge!
Germans have a nice name of "Bewertungserleichterungen" for that ...
Who cares about differences in carrying value and fair market value of some 6.7 billion EUR, and 33.6 billion EUR of reported Total Shareholders' Equity? For a 2.103 trillion EUR Total Assets it has no relevance?
Hey everyone, look at my excellent operating earnings, and do not care about balance sheet!
Well, no more time to write, I have to run ...
UPDATE 14:45 (12:45 GMT): No doubt! Is it not obvious Josef should be re-elected?
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