Deutsche Bank’s Delivery on Cost Target Questioned by Autonomous
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Deutsche Bank AG, which last week presented its new strategy to boost profitability, may struggle to meet its cost-cutting goal while losing its competitive advantage in investment banking, according to Autonomous Research LLP analyst Stuart Graham.
“We regard the 2020 targets as plausible, but heavily reliant on cost cutting,” Graham, who has been following Deutsche Bank for almost two decades, wrote in a May 5 note to clients. “Deutsche’s track record is very poor on costs, and we are skeptical the leopard can change its spots.”