Epstein File EFTA01458634: Deutsche Bank (DS10)

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Epstein File EFTA01458634: Deutsche Bank (DS10)

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This document is a Deutsche Bank Securities Inc. financial analysis or report containing a chart showing data from October 1993 through October 2015, with underlying earnings growth analysis adjusted for oil price declines and dollar cycle impacts across developed markets. The document cites Bloomberg Finance LP and Haver as data sources.

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Deutsche Bank

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Excerpt 1

250 250 200 200 150 150 100 100 Oct-93 Oct-95 Oct-97 Oct-99 Oct-01 Oct-03 Oct-05 Oct-07 Oct-09 Oct-11 Oct-13 Oct-15 Source Bloomberg Finance LP, Haver, **Deutsche**

Excerpt 2

**Bank** Figure 16: Underlying earnings growth, i.e., adjusted for the impacts of oil price declines and the dollar up cycle are robust across the developed

Excerpt 3

**Bank** **Deutsche** **Bank** Securities Inc.