FRANKFURT (dpa-AFX Broker) - Deutsche Bank shares have been under pressure since Wednesday's opening bell. By late morning, losses widened to 3.4 percent, pulling the stock back toward its 50-day moving average. Meanwhile, the European banking sector index remained relatively stable, posting only a slight decline.

Speaking at the Goldman Sachs European Financials Conference this morning, Deutsche Bank CFO Raja Akram indicated that provisions for bad loans in the second quarter are likely to come in slightly above market expectations. Nevertheless, he noted that the environment remains constructive for the bank and expressed confidence regarding full-year revenue targets./ag/men

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