Deutsche Bank Trading Lags But FICC Could Be Entering Sweet Spot

Deutsche Bank AG (USA) (NYSE:DB) (FRA:DBK) (ETR:DBK)’s 1Q14 results witnessed strong FICC revenues relative to peers, though the market is overly negative on the prospects of FICC, notes Jefferies analyst. Analyzing Deutsche’s recent results, Omar Fall of Jefferies in the research report dated April 29, 2014 points out that the bank’s performance in other divisions was mixed. FICC could be entering sweet spot In the February research report, Jefferies analysts pointed out FICC business could be entering a cyclical sweet spot over the next two years aided by rates and credit business. The analysts pointed out that rates revenues are…