Key Takeaways Deutsche Bank plans revenue growth via Global Hausbank expansion by 2028.Cost-income ratio target is set below 60%, driven by efficiency gains.Payout ratio is likely to rise to 60% from 2026, boosting shareholder returns and RoTE.Deutsche Bank AG (DB) has laid out an ambitious but structured plan to lift its return on tangible equity (RoTE) above 13% by 2028. The strategy rests on a combination of revenue growth, tighter cost discipline, capital optimization and higher shareholder payouts.At t ...

【要闻速递】 单纯统计金价涨幅难窥全貌：今年金价涨超70%、刷新50余次新高，对比其他资产更显突出。美银哈特 内特指出，2022年1盎司黄金兑15桶原油，如今超70桶；若2026年再涨超10%，黄金将连续四年两位数 回报，百年仅两次。 当前与1971-1974年（通胀、越战、赎罪日战争、美元脱钩黄金）、1977-1980年（冷战、伊朗革命、苏 联侵阿、美元信心崩塌）地缘紧张+美元信心削弱的相似背景下，金价涨势或延续。高盛预测2026年底 4900美元，德银看2027年5150美元，核心逻辑是需求刚性：三季度全球购金1313吨创新高，央行购金为 主力，10月末三月增220吨（+10%），储备近1965年峰值。 今日周一（12月29日）亚盘时段，纽约金期货最新报价4534.60美元/盎司，较昨日下跌27.20美元/盎 司，跌幅0.60%，日内价格最高至4581.30美元/盎司，最低为4490.30美元/盎司，昨日收盘价4562.00美 元/盎司，今日开盘价4568.00美元/盎司。 打开APP，查看更多高清行情>> 波兰央行最猛，11月单月加仓12.4吨，储备超543吨（超欧洲、英国央行），目标占比提至30%；俄 ...

人民财讯12月27日电，12月27日，德意志银行(中国)有限公司总行副行长彭彦杰在三亚.财经国际论坛上 表示，海南全岛封关运为财富管理行业带来新机遇，自贸港政策为跨境金融产品与服务创新提供了独一 无二的试验田。海南自贸港的税收、外汇等政策为设立更具灵活性与国际化的信托架构提供了优越土 壤，应善用家族信托、保险等工具打好"组合拳"，实现资产隔离、风险防范与顺利传承。 彭彦杰还表示，可以利用跨境资产管理的试点，设计好符合投资者需求的人民币计价的基金理财产品。 财富管理须建立在ESG可持续发展基础上，并与实质性消费者权益保护相结合，通过持续陪伴与投资者 教育，推动市场健康发展。他还指出，慈善信托与影响力投资是财富回馈社会的重要途径，海南已出台 相关指引，有利于构建透明、规范的慈善金融生态。 ...

Please weigh in weigh in on the number if you could not all of the other part of it. >> Sure. Uh first happy holidays all and thank you for everybody being on the program. uh on the on the jobless claims numbers um you know I think you have to look at the four-week average obviously given the volatility and on that note on initial you're down about a percentage point or almost two percentage points year-over-year and continuing claims are up a little bit about 1 and a.5% but those aren't very concerning num ...

在2026年即将到来之际，市场整体呈乐观态势。尽管2025年出现过几次政策引发的小波折和泡沫恐慌， 但标普500指数、道指和纳指均录得稳健回报。这种势头为何不会延续？ 华尔街分析师认为，好日子还将继续——尤其是得益于《大而美法案》（One Big Beautiful Bill Act，一 项涵盖减税、福利调整等的综合性刺激法案）即将落地的大规模刺激计划。不过，他们也普遍认为，维 持增长的条件正变得越来越苛刻。例如，今年市场的乐观情绪大多源于人工智能（AI）的前景，但关 于这些投资如何及何时获得回报的疑问不断增多。若出现任何动摇信心的消息，都可能对股市产生巨大 影响。 同样，美国经济成功抵御了关税、移民政策、通胀和就业带来的潜在负面影响。到目前为止，雇主们找 到了平衡点：企业信心下降、物价上涨导致裁员增加，但劳动力市场因移民政策而萎缩，使得这一影响 被抵消。 但如果用一个词总结这一切呢？《财富》杂志（Fortune）将15家华尔街最大银行的2026年展望报告输 入Perplexity AI模型，要求用一个词总结，模型给出的结果是： "岌岌可危（precarious）。" Perplexity的推理对许多人类用户 ...

Core Viewpoint - The future performance of European and American bank stocks will increasingly depend on the sustainability of earnings rather than further valuation expansion [4]. Group 1: European Bank Stocks - European bank stocks have shown significant recovery in 2025, with the STOXX Europe 600 Banks index rising approximately 65% year-to-date, making it one of the best-performing sectors in Europe [1]. - Analysts suggest that the rise in European bank stocks is more of a structural recovery rather than a typical cyclical rebound, as their valuation levels were significantly lower than their U.S. counterparts prior to this increase [2]. - The negative impact of the prolonged low-interest-rate environment on European banks' profitability has been a key factor suppressing their valuations [2]. - Major European banks have seen substantial stock price increases, with Deutsche Bank up about 97%, HSBC up approximately 48%, BNP Paribas up around 35%, and UBS up about 30% year-to-date [2]. Group 2: American Bank Stocks - American bank stocks have demonstrated more stable performance in 2025, with notable increases such as Citigroup up about 68%, Goldman Sachs up approximately 57%, and JPMorgan Chase up around 35% [5]. - The core strength of the U.S. banking system lies in its profitability and diversified business structure, which helps mitigate traditional credit cycle fluctuations [5]. - The valuation recovery for U.S. banks began earlier than for European banks, with the market already pricing in expectations of an economic soft landing and interest rate cuts [5]. Group 3: Future Outlook - For 2026, the consensus is shifting from "valuation recovery" to "earnings verification," with European banks needing to see a substantial recovery in credit demand and a reduction in geopolitical risks to maintain their strong performance [6]. - In the U.S., the focus will be on the Federal Reserve's policy path, with large banks expected to maintain capital returns if interest rate cuts are gradual and the economy achieves a soft landing [6]. - The bank stock market in 2026 is expected to be more selective, requiring investors to pay closer attention to earnings quality, risk management, and structural differences between markets [6].

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Deutsche Bank (DB) and National Australia Bank Ltd. (NABZY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ...

基于Robotaxi与人型机器人计划的估值提升，德意志银行将特斯拉买入评级目标价上调30美元至500美 元，但部分被对核心汽车业务的交付量下调所抵消。 即使短期交付量与毛利面临压力，但分析师认为无人驾驶出租车Robotaxi的发展仍是特斯拉估值的重要 支撑。马斯克先前曾表示，计划在旧金山湾区部署约1000辆无人驾驶出租车，在奥斯汀部署超过500 辆，但德意志银行的追踪数据显示，这些目标短期内不太可能实现。不过，特斯拉最近在奥斯汀取消安 全驾驶员以进行内部验证测试，Yu认为这显示更广泛的推行可能即将到来。 格隆汇12月22日｜德意志银行分析师Edison Yu预计，特斯拉2025年第四季交付量约为40.5万辆，同比下 降14%，环比下降19%，低于市场共识及该行先前预测。Yu预计，交付量不足主要集中在特斯拉的核心 西方市场，其中欧洲与北美的交付量预计分别下降34%和33%；中国市场交付量将下降约10%。 ...

The dollar was recovering after a knee-jerk decline in reaction to Thursday's lower-than-expected U.S. inflation data.The data showed inflation eased to 2.7% year on year in November, below the 3.1% forecast by economists in a WSJ survey. That initially weakened the dollar as it supported the case for further interest-rate cuts.However, there were several missing data due to the recent government shutdown and the "methodological issues meant that investors treated it with some caution," Deutsche Bank analys ...

Core Insights - Recent market-shaking events are not prioritized by investors for 2026 [1] Group 1 - Investors are currently focused on different priorities for 2026, despite recent market disruptions [1]