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In an attempt to reduce expenses, Deutsche Bank (DB) has laid off 111 senior managers, in particular, directors and managing directors from its retail and wealth management unit. These changes align with the bank’s strategy of trimming higher-paid roles to reduce expenses. According to a Financial Times’ report, the division has also slashed its reliance on external consultants to cut costs by 75%, exceeding the initial target of 70%, which was set in early 2024. This restructuring effort comes as the bank ...

Deutsche Bank (DB) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earni ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and ...

Deutsche Bank (DB) reported third-quarter 2024 earnings attributable to its shareholders of €1.5 billion ($1.6 billion), up 41.7% year over year.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.The Germany-based lender reported a profit before tax of €2.3 billion ($2.4 billion), up 31.2% year over year. Third-quarter profit growth was driven by approximately €440 million ($474.4 million) partial release of Postbank-related litigation provisions.Excluding Postbank-related litig ...

Press release24 October 2024 10:30 am eQ Community Properties Fund (AIF) has entered into a EUR 154 million senior secured loan arrangement with Deutsche Bank AG. The collateral portfolio consists of community and healthcare assets in the Helsinki Metropolitan Area and Tampere. In June, the fund also extended a EUR 253 million senior secured loan facility with its current lenders Nordea Bank, Danske Bank, Swedbank and Aktia. Through the recent successful arrangements, the Fund has broadened and strengthen ...

Investment banking helped drive revenue gains at Deutsche Bank in the third quarter, with growth in fixed income and currencies (FIC) and origination and advisory (O&A) leading the way.The bank’s Investment Bank business saw 11% year-over-year growth in net revenues during the quarter, while Deutsche Bank’s overall net revenues were up 5%, according to a Wednesday (Oct. 23) earnings release.In prepared remarks for the company’s Wednesday earnings call, Deutsche Bank CEO Christian Sewing attributed the Inves ...

| --- | --- | |----------------------------------|-------| | | | | Deutsche Bank Investor Relations | | | October 23, 2024 Q3 2024 results | | | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------| | | | | Strong 9M performance provides confidence in fu ...

Deutsche Bank AG. (NYSE:DB) Q3 2024 Earnings Conference Call October 23, 2024 5:00 AM ET Company Participants Ioana Patriniche - Head, Investor Relations Christian Sewing - CEO James von Moltke - President & CFO Conference Call Participants Anke Reingen - RBC Flora Bocahut - Barclays Kian Abouhossein - JPMorgan Chris Hallam - Goldman Sachs Giulia Aurora Miotto - Morgan Stanley Stefan Stalmann - Autonomous Matthew Clark - Mediobanca Jeremy Sigee - BNP Paribas Exane Thomas Hallett - KBW Piers Brown - HSBC And ...

Deutsche Bank Earnings Report as of September 30, 2024 1 Exhibit 99.1 Deutsche Bank Earnings Report as of September 30, 2024 Content Strategy Group results Segment results Consolidated balance sheet Outlook Risks and Opportunities Risks Opportunities Risk information Additional information Management and Supervisory Board Events after the reporting period Basis of preparation/impact of changes in accounting principles Total net revenues Earnings per common share Consolidated statement of comprehensive incom ...