Will Deutsche Bank rise once again?
I've been looking at DB's financials and it seems to me that they are doing well at the moment.
2018 IB Revenue/Profit/Margin: 7.5B Euros / 861mm Euros / 11.5%
2019 IB Revenue/Profit/Margin: 7.0B Euros / 458mm Euros / 6.5%
1H 2020 IB Revenue/Profit/Margin: 5.0B Euros / 1578mm Euros / 31.5%
I know that COVID-19 certainly helped them out this year, but damn, that is still a major improvement. Revenues are way up, but most importantly, their profit margin this year has been fantastic compared to recent years.
Does that mean the transformation is working well? Are they on their way to becoming a top-tier bank once again? Is their future looking good?
I am a prospect with strong alumni/connections at DB, so I am wondering if I would be well off if I went to DB. FWIW, I want to go into S&T.