0813 GMT [Dow Jones]Deutsche Bank's (DB) 1Q markdowns are above expectations, says Merck Finck analyst Konrad Becker. Nonetheless, he does not expect a pretax loss in the first quarter from banking operations, when investment income is stripped out. Does not expect the markdowns to feed through to the pretax result and sees a steady contribution from stable revenue areas such as private clients and transaction banking. Keeps hold rating. EUR92 price target is under review. Stock +0.6% at EUR71.59. (UXD)
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(END) Dow Jones Newswires
April 01, 2008 04:13 ET (08:13 GMT) | 
