Deutsche Bank will close a “mid-double-digit number” of smaller branches in Germany while adding new formats and technologies.The bank will negotiate the changes in the branch network with the Works Council and will continue to have a nationwide branch network in Germany, Deutsche Bank said in a Wednesday (Sept. 18) press release.At the same time, Deutsche Bank will increase its capacity to give advice via video and telephone, will further invest in its app and other digitalization, and will add more privat ...

ElsvanderGun/iStock Unreleased via Getty Images Following our update on UniCredit-Commerzbank, today we are back to comment on Deutsche Bank Aktiengesellschaft (NYSE:DB). Since our buy rating, the company has continued its restructuring progress, and combined with a favorable interest rate environment, as anticipated, DB's stock price has returned to a satisfactory level, with a total return of 59.33% since June 2023 (Fig 1). Mare Ev. Lab Rating Update Fig 1 Before providing our take on the bank, repor ...

Terroa Deutsche Bank (NYSE:DB) has delivered a strong Q2 print, but earnings were overshadowed by a €1.3 billion litigation provision for the bank's ill-fated Postbank takeover in 2010. This provision had considerably negative impacts on management's plans to distribute capital to shareholders. However, on August 21st, almost a month after Q2 reporting, Deutsche Bank has taken a significant step towards resolving the long-standing legal Postbank battle: The bank announced that it has reached settlement ...

A month has gone by since the last earnings report for Deutsche Bank (DB) . Shares have added about 3.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Deutsche Bank due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Deutsche Bank Reports Q2 Loss on Lawsuit Provisio ...

Deutsche Bank (DB) has achieved notable progress in talks with claimants involved in the legal dispute regarding its takeover of Postbank and the compensation paid to former Postbank shareholders. The bank has reached settlement agreements with more than 80 claimants, who collectively make up nearly 60% of all claims in this lawsuit. These agreements are settled upon the bank's suggested price of €31 ($34.5) per share. Among the claimants who agreed to a settlement also represented about one-third of all cl ...

A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia.Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago.In a Wednesday statement, Deutsche Bank said it had reached agreements with more than 80 plaintiffs for a settlement of 31 euros ($34.53) per share, as proposed by the bank. This will allow Germany's largest lender ...

A Deutsche Bank branch in the financial district of Frankfurt, Germany, on May 6, 2022.A lawyer representing plaintiffs in a long-running case against Deutsche Bank on Friday slammed a proposed settlement from the German lender as a "late low ball" offer.The crux of the challenge against Deutsche Bank is that it underpaid for its acquisition of German retail banking giant Postbank in the late 2000s.Legal action over the multi-stage deal has been rumbling on since 2010. Claimants number in the hundreds in to ...

code6d Deutsche Bank Aktiengesellschaft (NYSE:DB) presents an exciting topic. Germany's largest lender released its second-quarter earnings results in July. Furthermore, it is in the midst of litigation and faces declining Euroregion interest rates. Moreover, Deutsche Bank possesses grossly undervalued price ratios, yet some have questioned its fundamental performance. Given the above, we considered revisiting our outlook on Deutsche Bank stock. We last covered the asset in March 2023, assigning a hold/ ...

franz12 Deutsche Bank Aktiengesellschaft (NYSE:DB) has reported a muted performance in Q2 2024, impacted by legacy issues related to the Postbank acquisition in 2010. Beyond that, its operating outlook is challenging due to the prospects of lower rates ahead and a potential decline in credit quality, making its risk-return profile quite challenging right now. As I’ve covered in previous articles, Deutsche Bank has not been one of my preferred European banks despite its low valuation compared to peers, a ...

Deutsche Bank (DB) plans to offload almost $1 billion of its U.S. commercial property loans to trim down commercial and real estate (CRE) loan exposure, per a Bloomberg report. The move comes as rising interest rates have weighed on profits in the bank’s real estate portfolio.The Frankfurt-based bank is marketing the loan book to secure some capital relief.Deutsche Bank is one of the largest lenders to U.S. commercial real estate developers and especially offices. As of Jun 30, 2024, DB’s loan portfolio com ...