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Steady as she goes

1 August 2007 By Mike Verdin

The German bank has defied downbeat forecasts. It raised Q2 profits by a creditable 32% and thinks it can ride out the current market storm. But given Deutsche s reliance on investment banking for growth, that may not be enough to persuade investors to close its discount to peers. The German bank has defied downbeat forecasts with a 32% increase in pretax profits. It thinks it can ride out current market storms. But given Deutsche s reliance on investment banking, investors may not be persuaded to close the shares’ discount to peers.

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