11.20 -0.01 (-0.09%)
After hours: 5:50PM EDT
|Bid||11.15 x 47300|
|Ask||11.41 x 42300|
|Day's Range||11.20 - 11.30|
|52 Week Range||10.36 - 20.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.41|
Deutsche Bank AG fixed-income traders generated a $35 million profit in two weeks as economic turmoil in Turkey triggered a slump in assets across emerging markets, according to people with knowledge of the matter. The traders, who work on a desk focused on Central and Eastern Europe, the Middle East and Africa, made more than $10 million on Aug. 10 when the Turkish lira plunged the most in almost two decades, the people said, asking not to be identified discussing private information. The desk, run by Aditya Singhal, has made about $135 million this year, the people said.
Deutsche Bank AG traders generated a $35 million profit in two weeks sparked by economic turmoil in Turkey. The Deutsche Bank fixed-income traders, who work on a desk focused on central and eastern Europe, the Middle East and Africa, made more than $10 million on Aug. 10 when the Turkish lira plunged the most in almost two decades, the people said, asking not to be identified discussing private information. The team was positioned to profit from any slump in asset prices across the region, they said.
Bank of America stock is now up just 3.2% so far this year – below the 5.6% return of the S&P 500. A number of the bullish catalysts that led Bank of America higher after the U.S. presidential election are coming to pass. Interest rates are rising, helping net interest margin and Bank of America profits.
Deutsche Bank’s supervisory board will discuss extending the contracts of its investment bank boss Garth Richie and a small number of other senior executives at its October meeting, a spokesperson told the Financial Times. German media reported earlier that Mr Ritchie’s contract, which is due to expire at the end of the year, had not yet been renewed. Mr Ritchie considered his future at the bank earlier this year, around the same time as chief executive John Cryan stepped down, but the South African was ultimately promoted to sole head of the investment bank.
A payments provider that gets 5 percent as much revenue as Deutsche Bank AG is now worth more than the German lender deemed by regulators to be one of the world’s most important banks. The stock, which has climbed by more than 84 percent this year, is set to join the country’s benchmark DAX index next month, possibly at the expense of Commerzbank AG. Payments companies are popular with investors because they can profit from the rapid global growth of online commerce and the use of mobile devices for banking -- without having to bear the costs of providing and managing long-term credit to the economy.
Deutsche Bank AG and Commerzbank AG -- hold the indignity of being the worst performers among European peers this year. Commerzbank, a member of Germany’s DAX Index since its inception in 1988, is in danger of losing its membership to payments provider Wirecard AG, whose shares have climbed more than 30-fold over the last 10 years as the established player lost more than 90 percent of its value. Commerzbank -- with a market valuation of just 10.4 billion euros -- is the lowest-ranking member of the 30 companies that comprise the DAX, while Wirecard would place just outside the top 20, making it a potential entry candidate in the quarterly re-balancing in September.
Deutsche Bank AG (USA) (NYSE: DB ) stock is down nearly 40 percent year-to-date, but one analyst says things are going to get much worse for Deutsche Bank investors before they get better. The Analyst ...
is a pillar of the German economy, and by extension, Europe's economy. Last week, Deutsche Bank stock reached its lowest level in decades, and earlier this month, the bank's senior non-preferred bonds were downgraded by Moody's to one level above junk. When Deutsche Bank reported earnings last week, the initial reaction was somewhat positive.
As concerns about potential "contagion" from Turkey's currency crisis and potential spillover effect on the European banking industry, analysts told Real Money that the main concern at Deutsche has much more to do with the company's internal figures and management than any international crises. "Turkey shouldn't be a big risk for Deutsche Bank," Philipp Hässler, equinet Bank AG analyst told Real Money by phone, noting Turkey is not one of their larger exposures.
is set to be a smaller company, Bank of America Corp. Bank of America expects Deutsche Bank to see weakness in earnings per share, as a number of headwinds will weigh on German bank's earnings. " Sustainable growth is out of reach," it added.
The dip buyers were so anxious to buy the "Turkey Contagion" headlines that appeared overnight that they had the indices back in green before the open. The DJIA was indicated down around 120 points or so overnight but is now up around 40 points.
Deutsche Bank AG has almost finished restructuring its Asian investment-banking business and plans to add bankers in the coming months, said regional head James McMurdo. “Yes we did trim, but we trimmed where we thought we were less competitive, or where we thought the opportunity was not that significant and that has largely been completed,” McMurdo, who leads corporate and investment banking for Asia Pacific, said in a phone interview Monday. McMurdo reiterated the lender is focused on Asia, servicing clients in local markets as well as global capital markets and cross-border deals.
at one point plunged a further 10 per cent in early Asian trading to a record low of TL7.24 to the dollar, and remained under pressure despite some relief from central bank measures intended to shore up liquidity for the country’s banks. The lira later pared losses to trade at TL7.004, off its earlier lows but still down 8.2 per cent on the day. The turbulence caused every major emerging market currency to fall against the dollar on Monday, with JPMorgan’s EM foreign exchange index tumbling another 1.7 per cent to a fresh record low.
In Deutsche Bank AG Chief Executive Officer Christian Sewing’s push to get back into growth mode, there’s one specific business in which there are pretty much no hiring limits. The private bank in Asia is still recruiting, even after bringing on board about 100 relationship managers and support staff in the first half, Lok Yim, who runs the Asia-Pacific wealth business, said in an interview. Few businesses offers such eye-watering opportunities for global banks right now as catering to Asia’s swelling millionaire class.
Bloomberg's Laura Keller reports on Deutsche Bank AG's cost-cutting activity. She speaks on "Bloomberg Markets." (Source: Bloomberg)
The list of perks at Deutsche Bank AG is shrinking fast. The frugal ethos described by half a dozen people with knowledge of the company’s policies reflects Chief Executive Officer Christian Sewing’s focus on saving after a series of botched turnaround efforts. The appointment of a new chief operating officer, Frank Kuhnke, as a direct report to Sewing is a signal that the CEO wants to have better control over processes and expenses.
The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email email@example.com. ** SANNE GROUP PLC Britain's Sanne Group Plc named ...
Deutsche Bank AG’s Southeast Asia vice chairman Philip Lee is leaving the German lender, capping a string of senior departures in the region. Lee, also the chief country officer for Singapore, is departing to pursue other interests, after building out the bank’s Southeast Asia client franchise over the past five years, according to an internal memo obtained by Bloomberg. David Lynne, who leads its global transaction banking team in Asia Pacific, will become Singapore chief country officer, the memo shows.
Deutsche Bank’s U.S. wealth-management arm plans to expand its relationship-manager ranks by 25% this year as it pushes for growth. Orders from the top are to “grow, grow, grow,” head of Americas wealth management Patrick Campion tells the publication. Two years ago, the company sold most of its U.S. private banking business to Raymond James.
LOS ANGELES, CA / ACCESSWIRE / August 6, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Deutsche Bank Aktiengesellschaft ("Deutsche Bank" or the "Company") (NYSE: DB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. On May 31, 2018, the Wall Street Journal reported that the Federal Reserve has designated Deutsche Bank's U.S. operations as being in a "trouble condition." The Federal Reserve is concerned about "its controls around measuring financial exposure to clients and valuing collateral that backed loans[.]" The FDIC added Deutsche Bank's FDIC-insured subsidiary, Deutsche Bank Trust Company Americas, to its list of at-risk "problem banks." Once this news reached the marketplace, shares of Deutsche Bank fell over 4% on May 31, 2018.
NEW YORK, Aug. 06, 2018-- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving ...
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Deutsche Bank Aktiengesellschaft (“Deutsche Bank” or the “Company”) (NYSE: DB) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Deutsche Bank securities between March 20, 2017 through May 30, 2018, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/db. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
Deutsche Bank is on a mission to “grow, grow, grow” its US wealth management division and will expand its team of relationship managers there by 25 per cent this year, head of Americas wealth management ...
NEW YORK, Aug. 05, 2018-- The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead ...