20080702-Citi-Deutsche Bank (DBKGn.DE)

Cutting Estimates and Target Price After 2Q Pre-Release
 Group Remained Profitable In 2Q — Deutsche Bank has attempted to reassure
with a press release stating it has remained profitable in 2Q, and that the
financial performance in 2Q will not result in a requirement for further capital.
Given the likely contribution of the non-IB divisions, this could imply pre-tax
losses in the