DWS reported 11th consecutive quarter of net inflows, totaling EUR 10.3 billion, aiming for full-year EPS target of EUR 4.5 per share, shares rose 4% on Oct. 29. Xtrackers led inflows, cost management initiatives reduced cost-to-income ratio, maintaining EUR 60 per share fair value estimate. Future strategy includes digital investments for long-term competitiveness.

Inflows supported by cost management, operational leverage, and confidence in achieving ambitious EPS targets, with Xtrackers leading inflows. Cost-to-income ratio reduced to 59.4%, close to full-year guidance. Market recognizes DWS’ solid turnaround and refocused strategy, gearing up for digital investments post-2025. Strong German retail segment and passive product drive inflows despite fee margin decline.

Read more at Morningstar: DWS Earnings: Continued Inflows and Cost Discipline Restored Investor Confidence