Deutsche Bank misses estimates as client jitters hit trading

Frankfurt

DEUTSCHE Bank AG reported fourth-quarter trading revenue that missed analysts' estimates as concerns about the company's finances weighed on clients.

Revenue from debt trading, the bank's biggest source of income, rose 11 per cent from a year earlier to 1.38 billion euros (S$2.1 billion), falling short of the 1.68 billion euro average estimate of 10 analysts in a Bloomberg News survey.