• Deutsche Bank’s Q3 2026 analyst call on October 28 featured CEO Christian Sewing, CFO Raja Akram and IR executive Silke-Nicole Szypa.
• Management raised full-year revenue guidance to above EUR 33 billion from around EUR 33 billion, citing momentum across all four divisions.
• Full-year expense guidance remains around EUR 21.3 billion; Akram expects a lower expense run rate in 2027 as investments taper.
• Sewing signaled a higher return-on-tangible-equity target in January, describing the existing above-13% objective for 2028 as a floor.
• Reported credit loss provisions should decline in 2027, with the provision rate expected to normalize around 30 basis points in 2028.

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