|Bid||7.17 x 45900|
|Ask||7.29 x 43500|
|Day's range||7.13 - 7.19|
|52-week range||7.13 - 13.17|
|Beta (3Y monthly)||1.33|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.23|
Deutsche Bank (DB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Deutsche Bank’s top investment banker could quit the lender because of disagreements over cuts and a lack of support from shareholders, say senior figures at the bank. Garth Ritchie is worried by the radical cuts to his business proposed by group chief executive Christian Sewing, and is concerned that some of the plans could backfire, the people said. Two people who attended the bank’s internal drinks reception after the meeting said that Mr Ritchie discussed with Mr Sewing and chairman Paul Achleitner whether the vote was as damaging for him as a similarly poor 2015 vote had been for then-CEO Anshu Jain.
Deutsche Bank (DB) aims to improve profitability by undertaking cost cuts in the U.S. unit due to muted performance of the investment banking.
Two stories on Deutsche Bank in the past few days highlighted two different types. there was a glitch in the software it used to look for red flags in transactions. Deutsche cannot say what criminal activity may have slipped through the cracks.
Deutsche Bank’s long-suffering shareholders have delivered a clear message to Germany’s biggest lender. Barely three-quarters of shareholders who voted supported directors, with an unusually low tally of 34 per cent of investors bothering to cast a vote. Paul Achleitner, the supervisory board chairman who has overseen four chief executives and an aggregate 75 per cent drop in the share price since he arrived in the role in 2012, could soon be forced to find his own successor.
If any company can take a cryptocurrency mainstream, it is Facebook. Facebook’s answer, according to several people familiar with its secretive “Libra” project, will be to try to launch a “stablecoin”, a digital currency pegged to the dollar. If successful, the Facebook coin could not only allow payments and transfers within the Facebook empire, but could also be stored on digital wallets and spent in shops, or exchanged into traditional currencies.
Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters. Chief Executive Officer Christian Sewing told shareholders at the bank's annual meeting on Thursday it was prepared to make "tough cutbacks" at its investment bank. The bulk of the anticipated U.S. cuts will come from its money-losing equities business, which includes cash equities trading.
Deutsche Bank's chief executive promised shareholders "tough cutbacks" at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany's biggest lender, whose shares hit a record low. Ranked as one of the most important banks in the global financial system, the bank has been plagued by failed regulatory tests, ratings downgrades, multi-billion dollar fines and management upheavals, with investment banking often the culprit. Although Deutsche Bank posted its first profit in four years in 2018, it faces tough questions over its scrapped merger talks with Commerzbank, and some top shareholders had called for chairman Paul Achleitner to quit.
CEO Christian Sewing vowed to push ahead with €1bn in cutbacks. Photograph: Daniel Roland/AFP/Getty ImagesDeutsche Bank shares slid to fresh lows as its boss announced “tough cutbacks” for the investment bank following a fraught year of money laundering allegations, failed merger talks, and lawsuits by Donald Trump.At a marathon annual shareholders’ meeting in Frankfurt, still going on after eight hours, chief executive Christian Sewing said the bank would push ahead with a further €1bn (£880m) in cost cuts this year, following similar moves in 2018 that led to 6,000 job losses.Sewing, who has been in the job for just over a year, said Deutsche has already slashed €130bn euros from the investment bank balance sheet. “So I can assure you: we’re prepared to make tough cutbacks,” he said.But Sewing’s optimism failed to buoy Deutsche Bank’s share price, which fell to fresh lows of €6.35 per share. The stock – which hit €107 before the 2008 banking crisis – has lost more than 40% of its value in the past 10 months and is now well below its post-crash lows.The banking boss insisted: “No one’s more disappointed with our stock market performance than I am,” and assured he would “work with all my strength to boost our share price”.It didn’t stop investors from complaining at the AGM, with more than one shareholder lamenting the shares are now worth less than a pack of cigarettes.Deutsche Bank has suffered multiple blows to its reputation over the past year, having failed US bank stress tests, suffered downgrades to its investment grade ratings, and seen merger talks with its smaller German rival Commerzbank collapse.German police also raided Deutsche Bank’s offices in November as part of a money laundering investigation linked to Panama Papers revelations.Sewing said the raid made global headlines that were “severely damaging” for the bank. He went on to criticise Frankfurt authorities for the way they handled the investigation. “Even now, months later, we still have no concrete evidence that would support the allegations against us or any of our employees,” he said.“However, the public reaction to the investigations by the public prosecutor’s office has once again demonstrated one point clearly: we must further strengthen our controls.”Deutsche Bank was forced to admit earlier this week that software used to screen customer transactions for money laundering was faulty. It means some potentially suspicious transactions were not flagged to authorities.That revelation followed a report by the New York Times that said Deutsche Bank executives blocked employees from raising suspicious activity reports on entities controlled by Trump and Jared Kushner between 2016 and 2017.Deutsche Bank is also being sued by the US president in an attempt to block the release of documents detailing his personal finances.The maelstrom of bad news means some Deutsche Bank executives are facing a no-confidence vote at its AGM. Influential shareholder advisers ISS and Glass Lewis have urged shareholders to reject reports detailing the work of both the management and supervisory reports in 2018.However, ISS has recommended rejecting shareholder-submitted resolutions calling for the removal of the bank’s chair Paul Achleitner and no-confidence votes against three management board members. Glass Lewis has called for abstentions in the vote against the chair.
Canadian Imperial Bank of Commerce's (CM) second-quarter fiscal 2019 results indicate improved non-interest income, partly offset by rise in provisions, expenses and lower net interest income.
Deutsche Bank’s chief executive Christian Sewing is preparing a radical overhaul of its ailing corporate and investment bank, telling shareholders that the German lender is prepared “to make tough cutbacks”. Mr Sewing, in charge during a 13-month slide of 40 per cent in the share price of Germany’s largest lender, did not disclose his plans in detail.
JPMorgan Chase has dropped its client Purdue Pharma, the OxyContin maker, which has been accused in thousands of lawsuits of fuelling the US opioid crisis. , was forced to find a new bank after JPMorgan told the pharmaceuticals company that it was cutting ties because of rising reputational risk, according to people familiar with the matter. JPMorgan did not lend to Purdue but managed its cash and bills, the person said.
Since the Trump administration announced new tariffs on Chinese imports and Beijing retaliated with its own earlier this month, China's currency has weakened to Rmb6.9 per dollar. With trade tensions elevated, the further depreciation has sparked fears that the renminbi will soon cross the all-important, psychological level of Rmb7.0 per dollar.
Deutsche Bank faces pressure to trim its investment banking division following the collapse of merger talks with domestic rival Commerzbank. The UBS downgrade note highlighted that Deutsche's IB would have been a "key beneficiary" of the deal with Commerzbank, helping reduce funding costs and spreads, and balance the overall profile. Deutsche has been the source of much negative publicity in recent years — from settlements with the U.S. Department of Justice, to management reshuffles, weak earnings, constant restructuring, merger speculation and steep stock price falls.
Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank's strategy and leadership just days after shares hit a record low. Major investors over the past week have called for Deutsche to scale back its sprawling global investment banking unit. Top shareholders have also said that the bank's chairman, Paul Achleitner, should step down before his term ends in 2022.
A software glitch at Deutsche Bank has for almost a decade prevented some potentially suspicious transactions from being flagged to law enforcement authorities, Germany’s biggest bank has discovered. this week when the New York Times reported that the bank decided not to report to regulators potentially suspicious transactions on the accounts of Donald Trump and his son-in-law Jared Kushner that were flagged by an employee in 2016 and 2017. Is UBS losing its edge in investment banking?
At least three major investors in Deutsche Bank want Chairman Paul Achleitner to step down early amid discontent with the bank's turnaround, two people with knowledge of the matter said on Tuesday. Achleitner, whose term expires in 2022, is due to face investors at the bank's annual general meeting on Thursday. A spokesman for Deutsche Bank declined to comment, both on behalf of the bank and Achleitner.
Though Deutsche Bank's (DB) listed asset management unit continues to spike interest of several asset managers, a deal seems unlikely on account of controlling issues.
There are a few reasons why Goldman Sachs will not touch Deutsche Bank with a 10- foot pole. First, and foremost, Deutsche Bank does not meet the capital requirement required by US regulators as its leverage ratio is well below the 5 per cent minimum as against 8.5 per cent for Goldman Sachs. This thin sliver of capital is meant to be a backstop for the risk in €1.4tn of total assets, three times Goldman’s exposure.
Deutsche Bank chairman Paul Achleitner knows only too well how it feels to be on the receiving end of a full-throated German shareholder revolt. merger talks with Commerzbank — an outcome that makes a similar shareholder backlash even more likely against Germany’s biggest bank at its own annual meeting on Thursday. With analysts expressing frustration at the bank’s poor performance, and its share price hitting a new record low this week, proxy advisers ISS and Glass Lewis are recommending shareholders deliver a similar stinging rebuke to Deutsche.
Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, being filed with the government. Furthermore, suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false," Deutsche Bank said in a statement on Monday. Citing five current and former Deutsche Bank employees, the New York Times reported on Sunday that the transactions, some of which involved Trump's now-defunct foundation, set off alerts in a computer system designed to detect illicit activity.
FEATURE Trouble keeps piling up for (DBK) Shares of the beleaguered German bank hit an all-time low on Monday after they were downgraded by (UBS) The back story. Deutsche Bank stock (ticker: DB) is down a whopping 42% over the last year as the company tries to cut costs, fix its operational woes, and regain market share in a number of business lines.