Deutsche Beating Barclays and UBS in Investment Banking Revival

Deutsche Bank outperformed UBS and Barclays in securities sales in the third quarter as it sought to shrug off Europe’s debt crisis and remain one of the top three global investment banks.

Bloomberg reports that Europe’s biggest bank was hired for 5.8% of the $1 trillion of stock and corporate bond offerings in the three months through September compared with 4.3% a year earlier, data compiled by Bloomberg Industries show. That may help the Frankfurt-based lender boost its share of investment banking revenue among the world’s largest banks for the first time in a year when it reports earnings Tuesday.

'Deutsche Bank suffered more than other firms with the crisis closer to its home markets, but they’re also better positioned than peers to profit from the rebound', said Dirk Becker, an analyst with Kepler Capital Markets in Frankfurt, who recommends investors buy the shares. 'Hanging on to their position as a top global investment bank is crucial to maintaining profits'.

Deutsche Bank places itself in the top three globally for investment banking by compiling rankings using client market share, penetration or fees for different products and regions provided by external researchers, and its own estimates.

Deutsche Bank was in fifth place for investment banking revenue in the second quarter, behind JPMorgan, Goldman Sachs Group Inc. (GS), Citigroup Inc. (C) and Barclays, data compiled by Bloomberg show.

Hit the link below to access the complete Bloomberg article:

Deutsche Bank Beating UBS in Investment Bank Revival Sign

Libor-Rigging Banks Leave London Customers Disillusioned

Nomura Turns to Profit as Trading Trumps Drop in Commissions