Deutsche Bank (DB) is set to shut down the U.S. operations of its London stockbroker subsidiary, Numis Securities. This decision comes to light as the company attempts to streamline its operations following a decrease in Numis’ estimated value.In October 2023, Deutsche Bank acquired Numis for £410 million ($500 million) and rebranded it as Deutsche Numis. However, in February 2024, it lowered the estimated value of the company by £200 million ($253 million) due to impairment charges that are often associate ...

BERLIN, GERMANY - APRIL 27: The logo of German bank Deutsche Bank hangs over one of the bank's ... [+] branches on April 27, 2015 in Berlin, (Photo by Sean Gallup/Getty Images)Getty ImagesDeutsche Bank’s stock (NYSE: DB) has gained 24% YTD, as compared to a 12% rise in the S&P500 over the same period. Further, it is currently trading at $17 per share, which is 17% above its fair value of just below $14 – Trefis’ estimate for Deutsche Bank’s valuation.Amid the current financial backdrop, DB stock has shown s ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Deutsche Bank Aktiengesellschaft ("Deutsche Bank" or the "Company") (NYSE: DB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Deutsche Bank and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On A ...

Deutsche Bank (DB) reported first-quarter 2024 profit attributable to its shareholders of €1.3 billion ($1.41 billion), up 10.1% year over year. The Germany-based lender reported a profit before tax of €2 billion ($2.17 billion), up 10% year over year.Results were positively impacted by higher net revenues and lower expenses. This led investors to turn bullish on the stock, resulting in a gain of 8.7%. However, higher provision for credit losses was an offsetting factor.Revenues Rise & Expenses FallThe bank ...

Deutsche Bank AG (NYSE:DB) Q1 2024 Earnings Conference Call April 25, 2024 5:00 AM ET Company Participants Ioana Patriniche - Head, IR Christian Sewing - CEO & Chairman James von Moltke - President & CFO Conference Call Participants Kian Abouhossein - JPMorgan Chase & Co. Anke Reingen - RBC Capital Markets Nicolas Payen - Kepler Cheuvreux Chris Hallam - Goldman Sachs Group Jeremy Sigee - BNP Paribas Exane Thomas Hallett - KBW Giulia Miotto - Morgan Stanley Andrew Coombs - Citigroup Stefan Stalmann - Autonom ...

Exhibit 99.1 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 income Impact of ECB Targeted Longer-term Refinancing Operations (TLTRO III) Provisions Non-GAAP financial measures I ...

The Deutsche Bank AG headquarters in the financial district of Frankfurt, Germany, on Thursday, Feb. 1, 2024.Deutsche Bank on Thursday reported 1.275 billion euros ($1.365 billion) in net profit attributable to shareholders in the first quarter, marking a 10% annual increase.Analysts had forecast a result of 1.23 billion euros for the period, according to LSEG data.Revenue rose 1% year-on-year to 7.8 billion euros, which it attributed to growth in commissions and fee income.Germany's biggest lender reported ...

Key TakeawaysShares of Tesla slid to their lowest level in more than a year on Thursday after Deutsche Bank analysts downgraded the stock and lowered their price target by 35%, citing its "thesis-changing" pivot to robotaxis.The company has reportedly put plans for a low-cost, mass-market model on the back burner to focus on developing a fleet of self-driving taxis.Tesla has struggled to compete with Chinese rivals and maintain growth amid soaring costs and sluggish demand for electric vehicles (EVs). Tesla ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Deutsche Bank (DB) . This company, which is in the Zacks Banks - Foreign industry, shows potential for another earnings beat.When looking at the last two reports, this bank has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 54.84%, on average, in the last two quarters.For the mos ...

Deutsche Bank Global Head of Embedded Finance Solutions Matthaeus Sielecki told PYMNTS that embedded finance is transforming verticals as far-flung as retail and logistics.Payments are now being actively merged into business models as those models evolve — and the role of chief financial officers (CFOs) and treasurers are evolving, too, as transactions become a strategic focus, and point of innovation.“It’s all about how you can enhance customer retention and the customer experience by offering banking like ...