STOCKWATCH Deutsche Bank estimates cut by DKW after JP Morgan Q2 results 22.07.2004 12:28 Headlines
FRANKFURT (AFX) - Dresdner Kleinwort Wasserstein has lowered its earnings
estimates for Deutsche Bank AG after JP Morgan's quarterly figures, unveiled
yesterday, confirmed a trend among investment banks of weakness in both fixed
income and equity sales and trading, dealers said.
DKW said it has subsequently cut its 2004 and 2005 EPS forecasts for
Deutsche Bank to 5.21 eur from 5.45 and 6.42 eur from 6.89.
At 12.20 pm, Deutsche Bank was down 1.17 eur or 1.97 pct at 58.31, while the
DAX 30 index was 65.48 points or 1.69 pct lower at 3,812.00.
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