DWS Shares Leap on Upbeat Midterm Outlook

By Adria Calatayud

DWS shares jumped after the asset-management arm of Deutsche Bank increased its midterm targets and set out plans to pay an extraordinary dividend next year.

Shares in the German asset manager were up 9.2% in European midday trading at 62.75 euros, taking their year-to-date gain to nearly 47%.

DWS said Thursday that it aims to deliver growth in earnings per share of between 10% and 15% each year until 2028. It had previously targeted growth of 10% a year until 2027.

The company said its board is committed to deploying a substantial part of its excess capital position, which currently stands at 1 billion euros ($1.20 billion), for the payment of an extraordinary dividend in 2027.

DWS also aims to bring in more than 160 billion euros in cumulative long-term net flows from 2026 to 2028.

At the end of 2025, DWS had total assets under management of 1.085 trillion euros, a figure that increased by 30 billion euros during the fourth quarter. Long-term assets under management rose by 27 billion euros to 963 billion euros, aided by long-term net flows of 8 billion euros, the company said.

Analysts had forecast year-end assets under management at 1.081 trillion euros, according to consensus estimates compiled by DWS.

The upgraded outlook and extraordinary dividend plans, alongside fourth-quarter results that came in ahead of expectations, should be well received, analysts at Morgan Stanley wrote in a note to clients.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

January 29, 2026 06:30 ET (11:30 GMT)