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

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

Coffee, Croissants & Credit/Deutsche Bank, EDF and EDP

Financials: Deutsche Bank is reported to have discussed shedding more assets, we see it unlikely to happen for now

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

Jean Sassus ...
  • Steven Gould

ODDO : The rerating no longer depends only on the ECB

>Positive decisions but in line with expectations - The ECB's decisions are broadly in line with expectations as regards the banking sector:Lower deposit rates, consistent with forecasts, with a tiering system to limit the impact of the switch from -0.40% to -0.50% but not much more.Improvement in the terms of the TLTRO, with an extension from 2 to 3 years.But the drop in rates could lead investors to fear further pressure on margins.The sector has...

Philippe Lamaud

Deutsche Bank : At the end, will Deutsche win? Credit Opinion revised to Negative on profitability issues and strategic challenges. Recommendations maintained

Football fans all know Gary Lineker’s quote about football being “a simple game: 22 men chase a ball for 90 minutes and at the end, the Germans always win”. While the Word Cup is approaching and Germany is among the favourites, Deutsche Bank’s (DB) performance has been less impressive on the banking field than the ones of the Mannschaft on the pitches, and the outcome of DB’s strategic adjustments is far less certain than the one of a football game, as suggested by Gary Lineker....

Philippe Lamaud

Deutsche Bank : At the end, will Deutsche win? Credit Opinion revised to Negative on profitability issues and strategic challenges. Recommendations maintained

Football fans all know Gary Lineker’s quote about football being “a simple game: 22 men chase a ball for 90 minutes and at the end, the Germans always win”. While the Word Cup is approaching and Germany is among the favourites, Deutsche Bank’s (DB) performance has been less impressive on the banking field than the ones of the Mannschaft on the pitches, and the outcome of DB’s strategic adjustments is far less certain than the one of a football game, as suggested by Gary Lineker....

Deutsche Bank AG: Q1 2017 Results Commentary: Stronger Capital Combined with Recovering Client Confidence and Profits are Credit Positive

FINANCIAL INSTITUTIONS ISSUER COMMENT 27 April 2017 Contacts Peter E. Nerby, CFA 212-553-3782 Senior Vice President [email protected] Ross J Hampson 44-20-7772-1440 Associate Analyst [email protected] Laurie Mayers 44-20-7772-5582 Associate Managing Director [email protected] Deutsche Bank AG Q1 2017 Results Commentary: Stronger Capital Combined with Recovering Client Confidence

Philippe Lamaud

Deutsche Bank : Initiating coverage: Buy Tier 2, Reduce AT1

>Strengths/Opportunities - The EUR8bn capital increase announced by Deutsche Bank (DB) in early March is set to boost the fully-loaded (FL) CET1 ratio by more than 200bp to 14.1% on a pro-forma basis at end-2016, a level far more commensurate with the bank’s risk profile, expected RWA inflation and modest internal capital generation in the medium term. The partial IPO of the asset management subsidiary and asset disposals will also contribute strengthening capital, supporting the bank’s new objective of a FL CET1 FL “comfortably above” 13%. The revision of the 2020 strategy announced alongside...

Philippe Lamaud

Deutsche Bank : Initiation de couverture : Achat Tier 2, Alléger AT1

>Forces / Opportunités - L’augmentation de capital de 8 mds EUR annoncée par DB début mars va renforcer de plus de 200bp son ratio CET1 fully-loaded et le placer à un niveau solide (14.1% à fin 2016 pro-forma), beaucoup plus adéquat au profil de risque de la banque, à l’évolution de la réglementation (hausses de RWA), ainsi qu’à une modeste génération interne de capital à moyen terme. L’IPO partielle de la filiale d’asset management et des cessions d’actifs vont contribuer à renforcer encore le capital et permettre à DB de maintenir le ratio CET1 « confortablement au-dessus » de 13%, nouvel ob...

Jean Sassus ...
  • Steven Gould

ODDO : The rerating no longer depends only on the ECB

>Positive decisions but in line with expectations - The ECB's decisions are broadly in line with expectations as regards the banking sector:Lower deposit rates, consistent with forecasts, with a tiering system to limit the impact of the switch from -0.40% to -0.50% but not much more.Improvement in the terms of the TLTRO, with an extension from 2 to 3 years.But the drop in rates could lead investors to fear further pressure on margins.The sector has...

Jean Sassus ...
  • Steven Gould

ODDO : Le rerating ne peut plus reposer uniquement sur la BCE

>Décisions positives mais conformes aux attentes - Les décisions de la BCE sont proches des attentes concernant le secteur bancaire :Baisse des taux de dépôt conforme aux anticipations avec mise en place d’un système de « tiering » limitant l’impact du passage de -0.40% à -0.50% mais pas nettement plus.Amélioration des conditions du TLTRO avec notamment une extension de 2 à 3 ans.En revanche, la baisse des taux peut faire craindre aux investisseurs une ...

Jean-Christophe Dourret

Deutsche Bank : Deutsche Bank - 09 Sep 2019

...

1 director bought

A director at Deutsche Bank Ag bought 145,000 shares at 6.844EUR and the significance rating of the trade was 100/100. 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 ...

Emmanuel Matot ...
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Virginie Rousseau

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

...

Emmanuel Matot ...
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Virginie Rousseau

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

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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

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

Coffee, Croissants & Credit/Deutsche Bank, EDF and EDP

Financials: Deutsche Bank is reported to have discussed shedding more assets, we see it unlikely to happen for now

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

Coffee, Croissants & Credit/CSPP2, Deutsche Bank, AT&T, Telenor and Verbund

Strategy: CSPP2 on its way

Philippe Lamaud

Deutsche Bank : The large-scale strategic plan should improve DB’s credit profile; Recommendations raised to Buy on SP, SNP and Tier 2

A restructuring plan which should be beneficial to DB’s credit profile… - >Deutsche Bank (DB) announced on 7 July an ambitious but necessary transformation plan aiming at sustainably improving the bank’s profitability and restore the viability of its business model. Some of the main elements were gradually in the press in the three weeks preceding the announcement, supporting a rally in DB’s debt. - The significant cuts to investment banking activities will make the bank’s e...

Philippe Lamaud

Deutsche Bank : The large-scale strategic plan should improve DB’s credit profile; Recommendations raised to Buy on SP, SNP and Tier 2

A restructuring plan which should be beneficial to DB’s credit profile… - >Deutsche Bank (DB) announced on 7 July an ambitious but necessary transformation plan aiming at sustainably improving the bank’s profitability and restore the viability of its business model. Some of the main elements were gradually in the press in the three weeks preceding the announcement, supporting a rally in DB’s debt.The significant cuts to investment banking activities will make the...

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...

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

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 ...

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...

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...

Expert Corporate Governance Service (ECGS)

Proxy Report - 24/05/2018

General: Supervisory Board member Prof. Dr. Stefan Simon is a member of the AdvisoryCommittee of DSW, the local partner of ECGS. This report has been prepared usingstandard ECGS guidelines. Item 2: We recommend to oppose the distribution of a dividend. The dividend again isnot covered by earnings and the Company has to report a loss for the third consecutiveyear. We therefore consider a dividend payment inappropriate at this time. Item 4: We recommend opposing the discharge of Supervisory Board Chairman Dr. Paul Achleitner. Dr. Achleitner has again changed the Management Board team by releas...

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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