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DB Gold Double Long Exchange Traded Notes ( (DGP) ) has issued an update.
On March 31, 2026, Deutsche Bank filed a Form 6-K outlining key first-quarter 2026 updates and reaffirming that its financial reporting and targets are based on EU-endorsed IFRS with the EU carve-out for portfolio fair value hedge accounting. The bank highlights its use of non-GAAP measures, such as adjusted net assets and tangible equity metrics, to supplement IFRS figures and directs investors to its 2025 reports for detailed definitions.
The March 31, 2026 update recaps guidance given at Q4 2025 results and during the March 2026 Morgan Stanley European Financials Conference, indicating group Q1 2026 revenues are expected to be roughly flat year-on-year, with stronger momentum in Private Bank and Asset Management. Management projects full-year 2026 revenues of about €33bn, modestly higher divisional revenues, an improving credit loss profile despite geopolitical risks, slightly higher costs due to growth and technology investments, and ongoing focus on keeping the cost/income ratio below 65%.
The bank also underscores plans to improve operating performance annually, while Corporate & Other is expected to remain a structural drag with about €200m pre-tax loss per quarter in 2026. Capital plans remain central: Deutsche Bank launched a €1bn share buyback on February 26, 2026, is targeting a higher payout ratio of 60%, aims to keep its CET1 ratio between 13.5% and 14.0% with a 200-basis-point buffer above regulatory triggers, and expects risk-weighted assets to be significantly higher in 2026 than the 2025 exit level.
Strategic positioning is reinforced by Management Board changes announced on March 19, 2026, including adding DWS CEO Stefan Hoops and a new Chief Technology, Data and Innovation Officer to the board, appointing Fabrizio Campelli as President, and extending key business heads’ contracts, moves intended to underpin its “Scaling the Global Hausbank” strategy. The bank has issued about €3.8bn of funding year-to-date towards a €10–15bn 2026 plan, and received a positive outlook on its deposit rating from Moody’s in February 2026, reflecting stronger earnings, capital and risk profile, which together support its ambition to sustain shareholder distributions while investing for growth.
More about DB Gold Double Long Exchange Traded Notes
Deutsche Bank AG is a global universal bank headquartered in Frankfurt, Germany, operating across corporate banking, investment banking, private banking and asset management. It focuses on European and international financial markets, with key revenue streams from net interest income in its core banking book, trading activities, and fee-based businesses such as wealth management and DWS-branded asset management.
Average Trading Volume: 93,449
Current Market Cap: $256M
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