Fund providers: DWS collects as much investor money as never before - profit still disappoints
In the first nine months, it had already increased by 16 percent. However, in one area, the subsidiary of Deutsche Bank has not yet reached its goal.
DWS, a fund provider and subsidiary of Deutsche Bank, reported collecting 30.9 billion euros in new funds from investors in the third quarter, a record for the company. The firm's revenues increased by 4% to 784 million euros, while its pre-tax profit grew by 2% to 325 million euros and net profit rose by 5% to 230 million euros.
Despite this, the company's cost-to-revenue ratio worsened to 58.6%. CEO Stefan Hoops remains confident of meeting the company's 2026 targets, including a 10-15% increase in earnings per share this year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
