Group 1 - The issuer of the securities is Fortune Star (BVI) Limited, with a guarantor being Fosun International Limited [3][4] - The aggregate nominal amount of the securities is EUR 400 million, with a coupon rate of 5.875% due on November 20, 2030 [3] - The offer price for the securities is set at 100 [3] Group 2 - No stabilisation activities were carried out by the stabilisation managers, BNP Paribas and Deutsche Bank, in relation to the securities offering [2][4] - The announcement serves informational purposes and does not constitute an invitation or offer to acquire the securities [4][5] - The securities are not registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption [5]

Deutsche Bank maps out ambitious growth plans but there are plenty of obstacles ahead, writes @PaulJDavies (via @opinion) https://t.co/3OWi1U0CFK ...

RT Rep. James Comer (@RepJamesComer)🚨🚨🚨I’ve just issued SUBPOENAS to J.P. Morgan and Deutsche Bank for Jeffrey Epstein’s financial records.I’m also requesting U.S. Virgin Islands AG Gordon Rhea to provide documents to further @GOPoversight’s review of the federal government’s investigation of Epstein. https://t.co/7oEkMbp46V ...

Core Insights - Deutsche Bank AG has launched a new multi-year strategy aimed at enhancing growth and profitability through 2028, as part of its Global Hausbank expansion plan [1] - The bank aims to achieve a Return on Tangible Equity (RoTE) of over 13% by 2028, with a target of more than 10% by 2025 [2][11] Financial Goals - Deutsche Bank projects compound annual revenue growth exceeding 5%, with revenues expected to rise from approximately €32 billion ($37.1 billion) in 2025 to around €37 billion ($42.9 billion) by 2028 [5] - The bank plans to generate about €2 billion ($2.3 billion) of its growth in Germany by leveraging its home-market leadership and capitalizing on fiscal stimulus and structural reforms [6] - A cost/income ratio target of below 60% is set for 2028 [6] Capital Management - Deutsche Bank intends to maintain its Common Equity Tier 1 (CET1) capital ratio within the range of 13.5%-14.0%, while selectively deploying capital to high-return businesses [7] - Starting in 2026, the bank plans to increase its payout ratio to 60% of net profit attributable to shareholders, up from the current 50% target for 2025 [8][9] Performance Outlook - The bank has reaffirmed its 2025 guidance, projecting full-year revenues of around €32 billion ($37.1 billion) and non-interest expenses of approximately €20.6 billion ($23.8 billion) [10] - The CET1 capital ratio is expected to be roughly 14% by the end of 2025, supporting the planned payout ratio of 50% of net income for that year [11] Market Position - Over the past six months, Deutsche Bank's shares have increased by 29.3% on the NYSE, outperforming the industry growth of 18.9% [12] - The company currently holds a Zacks Rank of 1 (Strong Buy) [13]

Core Insights - Three stocks are highlighted with a buy rank and strong value characteristics for investors to consider on November 18th Group 1: Allstate (ALL) - Allstate is the third-largest property-casualty insurer and the largest publicly-held personal lines carrier in the U.S. [1] - The company has a Zacks Rank 1 (Strong Buy) and has seen a 26.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Allstate has a price-to-earnings ratio (P/E) of 7.55, significantly lower than the industry average of 12.80, and possesses a Value Score of A [2] Group 2: First Financial Corporation Indiana (THFF) - First Financial Corporation Indiana is a multi-bank holding company providing various financial products and services across several states [3] - The company carries a Zacks Rank 1 and has experienced a 3.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - First Financial has a price-to-earnings ratio (P/E) of 8.34, compared to the industry average of 10.10, and has a Value Score of B [4] Group 3: Deutsche Bank (DB) - Deutsche Bank is the largest bank in Germany and one of the largest financial institutions globally by total assets [4] - The company holds a Zacks Rank 1 and has seen a 6.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] - Deutsche Bank has a price-to-earnings ratio (P/E) of 9.66, lower than the industry average of 12.20, and possesses a Value Score of B [5]

Deutsche Bank has announced its 2028 growth strategy, focusing on significant revenue and profitability increases, and scaling its Global Hausbank. This strategy sets ambitious financial targets and prioritises disciplined capital management, business growth, and technological investment. The bank aims to become the leading European banking institution, with a “strong” global presence and leadership in key business segments. Deutsche Bank plans to leverage artificial intelligence (AI) and maintain a res ...

Group 1: Wealth Management Expansion - Deutsche Bank plans to hire up to 250 bankers to support the expansion of its wealth management business across Germany, Italy, the UK, the Middle East, and Asia, with most appointments scheduled for next year [1] - The bank expects to allocate approximately €300 million ($348 million) to talent acquisition and technology for its wealth management division over the next three years [1] Group 2: Strategic Financial Targets - Deutsche Bank outlined its next phase of strategy and financial targets through 2028, focusing on enhancing value creation by scaling the Global Hausbank [2] - The bank raised its return on tangible equity target to more than 13% by 2028, up from a previous target of above 10% for 2025 [2] - Plans to distribute 60% of profits to shareholders starting next year were also unveiled [2] Group 3: Revenue Growth and Cost Efficiency - The bank anticipates annual revenue growth of more than 5%, increasing from a forecast of around €32 billion in 2025 to approximately €37 billion in 2028 [3] - The wealth management division aims for revenue growth exceeding the 5% to 6% annual growth rate of the broader private banking unit [3] - Deutsche Bank will continue investing in business growth and technology, implementing programs designed to achieve gross cost efficiencies of about €2 billion [3] Group 4: Leadership and Market Position - CEO Christian Sewing emphasized the bank's improved capabilities to support clients and generate more value for shareholders, positioning Deutsche Bank as a market leader in Germany and a European alternative in global banking [4] - The bank reportedly initiated the process of divesting its retail banking operations in India, which includes 17 bank branches [4]

Core Viewpoint - Since mid-October, there has been a significant rise in risk aversion, leading to a cross-asset sell-off in global markets, affecting nearly all asset classes, including technology stocks, cryptocurrencies, and gold. The S&P 500 index has fallen below the critical support level of 6725 points, and Bitcoin has dropped below $90,000, reversing a year-to-date gain of over 30% into negative territory. Despite this, Deutsche Bank's report indicates that the current macroeconomic and financial fundamentals remain robust, not meeting the conditions for a large-scale, sustained bear market [1][10]. Group 1: Market Dynamics - The primary driver of recent market turmoil is the Federal Reserve's hawkish shift, with Chairman Powell questioning the likelihood of a rate cut in December, leading to a drop in the market's expectations for a rate cut to 42% [1][2]. - Historical patterns show that previous large-scale sell-offs were often triggered by the Fed adopting a more aggressive stance and moving towards rate hikes [2][4]. - The current sell-off model shares similarities with historical events but is less severe. The Fed's hawkish tone is largely due to persistently high inflation and the delayed effects of tariff policies [4]. Group 2: Market Corrections - The report notes that the market experienced an "unrelenting and unusual" rise before the sell-off, with the S&P 500 index showing a rolling gain of 23% over the six months ending in October, marking the strongest performance since the post-COVID recovery [6]. - Unlike the post-pandemic surge driven by massive fiscal and monetary stimulus, the current rebound is fueled by waning fears of a recession, making the market's cyclical correction unsurprising given the high valuation levels [8]. Group 3: Fiscal Concerns - Ongoing fiscal deficits in developed economies are exerting pressure on various asset classes, including bonds. For instance, UK government bonds faced significant pressure ahead of the budget announcement, and Japan's 10-year government bond yield reached a new high since 2008 [9]. - This fiscal concern is not limited to the bond market but also affects equities, as evidenced by the poor performance of the French CAC 40 index, one of the worst-performing major European indices this year [9]. Group 4: Fundamental Resilience - Despite the aforementioned headwinds, Deutsche Bank emphasizes that the market's fundamental backdrop remains "robust." The recent sell-off has only caused the S&P 500 index to retreat about 3% from its historical peak [10]. - Key positive factors include the Fed's cumulative rate cuts of 150 basis points since September 2024, the fastest pace of cuts in a non-recession period since the 1980s, and the current market focus on the pace of future rate cuts rather than the need for rate hikes, which is a positive signal [12]. - Additionally, recent easing of trade tensions has further alleviated market anxiety, and overall financial conditions remain loose, with market pressure indicators like the VIX index and high-yield credit spreads still below their October peaks [12].

Core Insights - Deutsche Bank's investment arm, DWS Group, is entering a strategic collaboration with Nippon Life India Asset Management to enhance capabilities in alternatives, passive investment solutions, and global distribution, while expanding its presence in India's asset management market [1][4]. Group 1: Partnership Details - DWS will acquire a 40% stake in Nippon Life India AIF Management, focusing on Alternative Investment Funds, with NAMI retaining the remaining shares [2]. - The investment will support NIAIF's expansion in private credit, listed equities, real estate, and venture capital, having raised nearly $1 billion in capital commitments over the past decade [3]. - DWS and NAMI plan to co-develop passive products for both Indian and UCITS markets and explore global distribution for India-focused active strategies [4]. Group 2: Strategic Significance - The partnership reflects Deutsche Bank's confidence in India's structural growth in the alternatives market and aims to scale its alternatives business, diversify revenue, and strengthen its global position [5]. - Through NIAIF, Deutsche Bank can offer a range of alternative investments to both domestic and international investors, supporting growth in its Asset Management segment [5]. - The collaboration signals DWS's increasing focus on India as a key long-term growth market and aligns with its strategy of deepening partnerships across Asia [6]. Group 3: Leadership Perspective - DWS CEO Stefan Hoops emphasized India's importance as a core growth market for global asset managers and expressed excitement about partnering with NAMI to meet the growing demand for long-term investments in the Indian economy [7]. - The partnership aims to drive growth in Alternatives and Passive investments, leverage strong partnerships in Asia, and pursue ambitions to rank among the top asset managers [7]. Group 4: Market Performance - Over the past six months, Deutsche Bank shares have increased by 29.3%, outperforming the industry's growth of 18.9% [8].

Deutsche Bank increased its ESG-related financing goals to target deals in high-carbon sectors https://t.co/KrYJjb5MpX ...