Wednesday, 21 November, 2018

Deutsche Bank shares fall amid disappointing profits, new investment banking plans

The bank has had a management shake-up too with a new chief executive The bank has had a management shake-up too with a new chief executive
Marty Perkins | 27 April, 2018, 00:57

Deutsche Bank confirmed that target on Thursday.

For Malta, the relocation of Binance from Taiwan to the European country is a bigger move than Deutsche Bank permanently relocating its headquarters and operations from Germany to Malta. Also, margins continue to remain under pressure owing to low interest rates. Private Advisor Group LLC bought a new stake in Deutsche Bank in the 3rd quarter valued at $195,000.

Deutsche Bank has announced plans for a substantial investment bank shake-up after reporting a sharp drop in profits, saying it will be making significant workforce cuts. Finally, HSBC lowered shares of Deutsche Bank from a buy rating to a hold rating in a report on Monday, January 8th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Deutsche Bank has spent more than $17 billion paying fines and settling litigation since the start of 2008, according to company filings and other disclosures compiled by Bloomberg.

NYSE DB opened at $14.78 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $29,451.51, a P/E ratio of -24.33 and a beta of 1.44. Deutsche Bank Aktiengesellschaft (NYSE:DB) has declined 18.76% since April 25, 2017 and is downtrending. Its up 12.05% from 35.97M shares, reported previously. First-quarter revenues in the investment bank declined 13% to EUR3.8 billion, with fixed-income trading revenues down 16% and equities sales trading revenues down 21%. Deutsche Bank had a negative return on equity of 1.28% and a negative net margin of 2.34%. equities analysts forecast that Deutsche Bank will post 1.21 earnings per share for the current fiscal year. The stock grabbed 42 new institutional investments totaling 84,379,341 shares while 37 institutional investors sold out their entire positions totaling 5,322,962 shares.




Deutsche Bank (NYSE:DB) last released its quarterly earnings data on Friday, March 16th.

The publication Global Capital first reported that Deutsche Bank plans to cut its US workforce by about 10 percent. Bank of Montreal Can lifted its holdings in Deutsche Bank by 318.5% in the fourth quarter. In the 2nd quarter, profits amounted to $200,000,000 Dollars.

Earlier Thursday, Deutsche Bank Chief Executive Officer Christian Sewing presented a restructuring plan for the investment bank divisions that centers around scaling back operations in the U.S. The bank's management said they expected the bulk of the cuts to be completed in 2018, and said they would fall across the front, middle and back offices of the corporate and investment bank.

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