|Bid||8.72 x 28000|
|Ask||8.73 x 21500|
|Day's Range||8.68 - 8.77|
|52 Week Range||7.62 - 14.92|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.31|
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Blackstone to shift to a corporation from partnership https://on.ft.com/2Pl6LvM ...
DWS Group is considering various options including joint ventures and distribution partnerships, the people said. The company isn’t looking at scenarios where Deutsche Bank would lose control over the unit, the people said. Shares of DWS reversed gains on the news and were down 0.75 percent at 5:09 p.m. in Frankfurt after rising as much as 1.3 percent earlier.
The cost of insuring the debt of Germany’s two largest private-sector lenders against default is diverging and currently stands at the furthest apart in around two months, according to data compiled by Bloomberg. Deutsche Bank is about double the size of crosstown rival Commerzbank AG, but is considered riskier, with credit ratings that are about two steps lower. Deutsche Bank is said to be working on an alternative strategy in case merger talks collapse.
Some top shareholders want the bank to prepare options as obstacles to a combination pile up, according to people familiar with the matter. Chief Executive Officer Christian Sewing is considering two basic scenarios: a small update that would mainly consist of more and accelerated cost cuts including at the investment bank, and a bigger strategy shift that would create upfront costs, said one of the people. Formal talks between the two lenders have dragged on for almost five weeks and there’s no indication that an agreement is near.
Deutsche Bank and Commerzbank are at odds over how many clients would ditch the Frankfurt-based rivals if they merged, highlighting one of the many obstacles to a deal that could transform the face of ...
Shares in Deutsche Bank slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme.
Commerzbank, the smaller of the two, is attracting the most interest, perhaps because it would be easier to digest. Dutch lender ING Groep NV has reached out to the bank and the German government to seek talks, and UniCredit SpA is weighing a potential bid, people familiar with the matter have said. The German Finance Ministry, which oversees the country’s roughly 15 percent stake in Commerzbank, has encouraged the firm’s negotiations with Deutsche Bank.
Mr Scholz is seen as instrumental in bringing about those talks, yet a tie-up could prove politically toxic for him. “He is in a precarious position,” said one senior official in Berlin. Mr Scholz has always denied being the driving force behind the idea of uniting Germany’s two largest listed banks.
Announcement on a merger between the German banking giants is expected this month. Media reports Tuesday suggested Commerzbank had been approached by ING prior to commencing talks with Deutsche Bank. The only way a potential merger between Deutsche Bank DBK-DE and Commerzbank CBK-DE would make sense is by making massive job cuts across the two firms, a strategist told CNBC Wednesday.
Deutsche Bank has estimated that it processed at least €175m of dirty money for Russian criminals between 2011 and 2014 and has braced itself for potential fines, litigation and prosecution of individual ...
Commerzbank, long the quiet number two bank in Germany, is no longer a wallflower. The saga over what to do with ailing Deutsche Bank has overshadowed Commerzbank’s modest successes. Commerzbank not only has an official approach from Deutsche Bank to contend with, but interest from European peers.
Moody´s de México, ("Moody´s") has today confirmed the ratings of Deutsche Bank Mexico, S.A. (Deutsche Bank Mexico) and of Deutsche Securities Mexico, S.A. de C.V. (Deutsche Securities Mexico), and changed the outlook to negative. This rating action concludes the review for downgrade initiated on 4 November 2016.
Congressional investigators have subpoenaed Deutsche Bank as Democrats stepped up their investigations into President Donald Trump and his business dealings. The committees also subpoenaed multiple other banks as part of their investigations into foreign influence in US politics and illicit finance.
FT subscribers can click here to receive FirstFT every day by email. President Emmanuel Macron vowed to rebuild Notre-Dame cathedral after the Paris landmark was partly destroyed by a devastating fire. Donations from some of France’s richest families poured in to help reconstruct one of the world’s best known and most visited monuments. The Arnault family, owner of luxury group LVMH, pledged €200m, while the Pinaults, who control the Kering conglomerate, said they would give €100m to the restoration efforts.
House Intelligence Committee Chairman Adam Schiff, D-Calif., said in a statement that the subpoenas are part of an investigation “into allegations of potential foreign influence on the U.S. political process.”
Two U.S. House of Representatives committees have issued subpoenas to multiple financial institutions, including Deutsche Bank AG, for information on President Donald Trump's finances, the panels' Democratic leaders said on Monday. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible," the committee's chair, Maxine Waters, said in a statement.
Customers seeking to reduce their exposure to the combined lender could pull business worth 1 billion euros to 1.5 billion euros ($1.1 billion to $1.7 billion), people familiar with the matter said. The estimate is a key factor in deciding whether a deal makes sense, the people said, asking not to be identified in discussing internal deliberations. The loss of business and expected restructuring costs would have to be offset over time by cost savings, currently estimated at about 40 percent of Commerzbank’s cost base, or 2.7 billion euros, the people said.
Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to
Why Is Deutsche Bank Bullish on Gold?Gold price performance Gold prices (GLD) have risen 0.5% YTD (year-to-date) as of April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY). The Dow Jones Industrial Average Index (DIA) and the
Regulators are calling on Deutsche Bank to further shrink its US investment bank, increasing the pressure on chief executive Christian Sewing to take more decisive action at the failing unit. The bank’s ...
Match.com (NASDAQ:MTCH) stock has been on a good run since merging with rival dating app Tinder in 2017. From $18 then, it's been flirting with a breakout above $59 for much of the year.While Wall Street had fallen out of love with the company heading into its fourth-quarter earnings report back in February, that spark was quickly rekindled after MTCH reported results that beat the Street view on the top and bottom lines.Earnings surged to $116 million, or $0.39 per share, up from a loss of $9 million, or a $0.03 per share loss, in the same quarter a year ago. Adjusted earnings per share doubled to $0.39, up from $0.18 per share, and topped analysts' estimates for $0.38 per share by 2.6%. Fourth-quarter revenue came in at $457 million, also beating estimates for $448.43 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock hit a new 52-week high of $60.91 following the report, and while it's been stuck trading just below $60 since mid-February, I expect its upcoming first-quarter earnings report (due out in early May) to get the shares firing on all cylinders and breakout to new records again.There are a couple of reasons why I expect this. First, we have this past Valentine's Day - and Match.com did stoke those flames with a 25% off promotion. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? There's also the first Sunday in January to consider. These apps tend to enjoy strong traffic on Sundays. And that particular one comes just after the holidays…right when folks begin working on their New Year's Resolutions…and with enough time to find a potential Valentine.But that surge really begins just before Christmas -- during the fourth quarter. So, looking back at those figures can be instructive now.Last quarter, Match Group reported that Tinder results drove better-than-expected fourth-quarter results. The company's Tinder app added 233,000 new paying members during the quarter, which brings Tinder's total subscriber base to 4.3 million. And as I mentioned, it turned a profit during the fourth quarter, too.Looking ahead, Match Group expects first-quarter revenue between $455 million and $465 million. That represents 11.7% to 14.1% annual revenue growth. The forecast is slightly lower than the current consensus estimate, which calls for revenue of $469.6 million.All of this sets the company up nicely for another positive surprise.But earnings surprises are only a part of the story. To determine if Match Group is a stock to buy right now, we need to assess several other factors. And my Portfolio Grader lays that all out nicely for us -- so let's take a look now.Portfolio Grader gives MTCH stock a middling grade of "C" on its Fundamentals, as you can see below:While Match Group had decent earnings growth, momentum and surprises, and strong sales growth, its score was dragged down by cash flow that Portfolio Grader found to be subpar.And yet, it receives a "B" rating, which makes it a buy. This is because of its strong Quantitative Score, where earns a "B."The Quantitative Score I've built into Portfolio Grader reflects my strong conviction that money flow is the best indicator of a successful investment. As goes the "smart money" on Wall Street, so goes the stock. And what Portfolio Grader is indicating to us here is that MTCH stock is enjoying positive momentum.Now, I do want to note that this does come with some volatility. For instance, after Match Group's last earnings report, shares fell 4% on the day after news that Deutsche Bank (NYSE:DB) dropped its analyst rating on MTCH stock. And then shares promptly ramped higher as everyone realized that the results themselves were better than expected, thanks to Tinder, as we just talked about.But with strong institutional buying pressure and decent fundamentals to boot, MTCH stock earned a place on my Breakthrough Stocks Buy List.To find out how to buy MTCH stock and see what else is on our Buy List, click here to learn more and sign up.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Match Group (MTCH) Stock Is About to Turn a Corner appeared first on InvestorPlace.
Bernie Sanders has released his tax returns, as the House panels subpoena Deutsche Bank in the Trump probe. Yahoo Finance's Adam Shapiro, Julie Hyman, Rick Newman, and Jessica Smith join Interactive Brokers Chief Options Strategist Steve Sosnick to discuss.