Deutsche Bank AG

Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
  • Ticker514000
  • ISINDE0005140008
  • SectorBanks
  • CountryGermany

Analysts

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/12/2019

After the strong margin compression in H1 2019, European steelmaker fundamentals are likely to remain complicated in H2. The lack of visibility as to the timing of a recovery is likely to deter investors from returning to the segment despite historically low valuations. We reiterate our Buy rating on ArcelorMittal, which is the most exposed to spot prices (“the first to pick up”). Conversely, we downgrade Voestalpine, which fully played its role as the most defensive stock in the turm...

Jean Sassus ...
  • Steven Gould

Deutsche Bank : The structure of Germany’s banking system is likely to remain frozen

>Indications on the restructuring plan and consolidation - In an interview, Deutsche Bank’s CEO provided some key indications on the group’s restructuring plans and on the question of sector consolidation:Staff cuts covering the integration of Postbank: of the 18,000 positions to be cut, a portion involves the integration of Postbank. These reductions were already built into Deutsche Bank’s forecasts. It is estimated they will amount to around 6,000 jobs. On this...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/07/2019

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - Cf. étude publiée hier soir après la clôture. - ...

Jean Sassus ...
  • Steven Gould

Deutsche Bank : La structure du système bancaire allemand va rester figée

>Précisions sur le plan de restructuration et consolidation - Dans une interview, le CEO de DBK apporte quelques précisions importantes sur les plans de restructuration du groupe et sur la question de la consolidation du secteur:Réductions d’effectifs couvrant l’intégration de Postbank : sur les 18 000 postes qui doivent être supprimés, une partie couvre l’intégration de Postbank. Or ces réductions étaient déjà intégrées dans les prévisions de DBK. Elles sont est...

Jean Sassus ...
  • Steven Gould

Deutsche Bank : The structure of Germany’s banking system is likely to remain frozen

>Indications on the restructuring plan and consolidation - In an interview, Deutsche Bank’s CEO provided some key indications on the group’s restructuring plans and on the question of sector consolidation:Staff cuts covering the integration of Postbank: of the 18,000 positions to be cut, a portion involves the integration of Postbank. These reductions were already built into Deutsche Bank’s forecasts. It is estimated they will amount to around 6,000 jobs. On this...

Jean Sassus ...
  • Steven Gould

Deutsche Bank : La structure du système bancaire allemand va rester figée

>Précisions sur le plan de restructuration et consolidation - Dans une interview, le CEO de DBK apporte quelques précisions importantes sur les plans de restructuration du groupe et sur la question de la consolidation du secteur:Réductions d’effectifs couvrant l’intégration de Postbank : sur les 18 000 postes qui doivent être supprimés, une partie couvre l’intégration de Postbank. Or ces réductions étaient déjà intégrées dans les prévisions de DBK. Elles sont est...

Derya Guzel

Morningstar | Deutsche Bank Under Review

We are placing no-moat Deutsche Bank under review. The bank announced an extensive strategic overhaul, including the exit of its equities sales and trading business as well as a substantial resizing of its fixed-income operation. It plans to shed EUR 74 billion in risk-weighted assets, reduce its workforce by about 18,000 employees, and cull its cost base by EUR 6 billion by 2022. The announcement also included preliminary second-quarter results, which are affected by about EUR 3 billion in restructuring charges related to the strategic repositioning, resulting in a net loss of EUR 2.8 billion...

Derya Guzel

Morningstar | Deutsche Bank Under Review

We are placing no-moat Deutsche Bank under review. The bank announced an extensive strategic overhaul, including the exit of its equities sales and trading business as well as a substantial resizing of its fixed-income operation. It plans to shed EUR 74 billion in risk-weighted assets, reduce its workforce by about 18,000 employees, and cull its cost base by EUR 6 billion by 2022. The announcement also included preliminary second-quarter results, which are affected by about EUR 3 billion in restructuring charges related to the strategic repositioning, resulting in a net loss of EUR 2.8 billion...

Derya Guzel

Deutsche Bank Under Review

We are placing no-moat Deutsche Bank under review. The bank announced an extensive strategic overhaul, including the exit of its equities sales and trading business as well as a substantial resizing of its fixed-income operation. It plans to shed EUR 74 billion in risk-weighted assets, reduce its workforce by about 18,000 employees, and cull its cost base by EUR 6 billion by 2022. The announcement also included preliminary second-quarter results, which are affected by about EUR 3 billion in rest...

1 director bought

A director at Deutsche Bank Ag bought 20,000 shares at 9.990USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/12/2019

After the strong margin compression in H1 2019, European steelmaker fundamentals are likely to remain complicated in H2. The lack of visibility as to the timing of a recovery is likely to deter investors from returning to the segment despite historically low valuations. We reiterate our Buy rating on ArcelorMittal, which is the most exposed to spot prices (“the first to pick up”). Conversely, we downgrade Voestalpine, which fully played its role as the most defensive stock in the turm...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/07/2019

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - Cf. étude publiée hier soir après la clôture. - ...

Bruno Cavalier ...
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Roland Pfaender
  • Steven Gould
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/08/2019

...

Bruno Cavalier ...
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Roland Pfaender
  • Steven Gould
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/07/2019

...

Bruno Cavalier ...
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/01/2019

The trade truce is a powerful (albeit transitory) positive event for the markets. If we assume that the risk premium retraces an estimated 50% of its increase since the beginning of May, then the indices should record an increase of around 3%. But watch out, gravity will regain its natural ascendency. Overall growth continues to slow and so does EPS growth. Issues relating to the cycle will resurface and, paradoxically, the appeasing of trade tensions could remove from the Fed an argu...

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

ING
Suvi Platerink Kosonen

Deutsche Bank/The final push for a turnaround looks convincing enough, value in preferred debt

Deutsche Bank announced a significant restructuring programme yesterday. The bank will exit its Equities & Trading business and resize its Fixed Income operations in particular in rates. The bank will reduce its RWA in these areas by 40%. The bank will create a new Capital Release Unit to manage efficiently the wind-down of the assets representing €74bn of RWA and €288bn in leverage exposure measure. Deutsche Bank will thus concentrate on Corporate Banking, Financing, Foreign Exchange, Origination & Advisory, Private Banking and Asset Management. The restructuring will keep the bank's earnings...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Deutsche Bank

Deutsche Bank reported to book €3-5bn in restructuring charges pushing its earnings to a loss this year, we remain cautious on the name

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Deutsche Bank and Total SA

Deutsche Bank reported to give details of its new restructuring already this week, we remain cautious on the name

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Casino, Deutsche Bank and National Grid

Rallye (RALFP), the parent company of Casino (COFP), issued a press release yesterday, stating it has requested and obtained the opening of safeguard proceedings, initially for a period of 6 months, but potentially up to 18 months. Rallye's subsidiaries Cobivia and HMB, as well as parent companies Foncière Euris, Finatis and Euris are included in the proceedings. The safeguard proceedings allow the companies to restructure their debt in a stable environment. Debt can be rescheduled over a period of 10 years. Debt-related payments will be suspended during the proceedings. Rallye currently has n...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Deutsche Bank, Vodafone, EDF and Engie

Deutsche Bank's (DB) talks with UBS (UBS) regarding merging the asset management businesses of the two banks are stalling according to Reuters citing people familiar with the matter. According to the story published yesterday the differences over control of the combined unit are the main hurdle, but a possible revival of the talks is not ruled out. Combining asset management with UBS would double the scale of the business allowing for synergies. While the control issue is likely to remain a challenging one to solve, it is worth remembering that a deal may be more important for Deutsche Bank du...

MarketLine Department

KAS BANK N.V. - Strategy, SWOT and Corporate Finance Report

Summary KAS BANK N.V. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights KAS BANK N.V. (KAS) is a specialized provider of custody and fund administration services. The company is engaged in providing securities services and risk control and reporting services for professional clients in the pensions and securities industry. It offers traditional custodian services ...

MarketLine Department

Dexia Group - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Dexia Group Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Dexia Group since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights ...

MarketLine Department

BlackRock Inc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's BlackRock Inc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by BlackRock Inc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlig...

MarketLine Department

Standard Chartered Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Standard Chartered Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Standard Chartered Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

MarketLine Department

Mediobanca Banca di Credito Finanziario S.p.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Mediobanca Banca di Credito Finanziario S.p.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Mediobanca Banca di Credito Finanziario S.p.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by ...

Expert Corporate Governance Service (ECGS)

Deutsche Bank - AGM 23 May 2019

General: On 17 March 2019, Deutsche Bank and Commerzbank published that they had agreed to start discussions with an open outcome on a potential merger. However, on 25 April 2019, the Management Boards of both Deutsche Bank and Commerzbank announced that a combination would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration. As a result, the two banks decided to discontinue discussions. Item 2: Management and Supervisory Board are proposing to distribute an unchanged dividen...

Deutsche Bank – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Matthieu DRIOL

Short term view - DEUTSCHE BANK : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €8.000, then €7.358. Passing €11.284 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - DEUTSCHE BANK : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 8,000 €, puis 7,358 €. Le franchissement de 11,284 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - DEUTSCHE BANK : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 8,000 €, puis 7,358 €. Le franchissement de 11,284 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - DEUTSCHE BANK : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €8.000, then €7.358. Passing €11.284 would question the continuation of the fall.

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