UBS Misses On Costs, Deutsche Bank Beats On FICC, Non-Core

Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DB)’s CIB was strong with PBT of €885 million, 38% ahead of consensus, while UBS AG (NYSE:UBS)’s Wealth Management revenues dropped 3% below consensus, notes Jefferies analyst.

Omar Fall for Jefferies in the research reports dated July 29, 2014 notes UBS’ CET1 capital was in line with expectations while Deutsche’s was higher than consensus.

Buy rating on Deutsche

The Jefferies analyst notes Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DB)’s 2Q2014 CIB was strong with PBT of €885 million, which was 17% above 2Q2013. The bank’s PBT from CIB is 38% above consensus thanks to...