Deutsche Bank (DB) reported a second-quarter 2024 loss attributable to its shareholders of €143 million ($155.6 million) against the year-ago reported profit attributable to shareholders of €763 million ($830.7 million). The Germany-based lender reported a profit before tax of €411 million ($477.5 million), down 71% year over year. Excluding a provision of €1.3 billion ($1.41 billion) for litigation related to the Postbank takeover, the bank reported a profit before tax of €1.7 billion ($1.9 billion).Result ...

| --- | --- | |---------------------------------------|--------------| | | Exhibit 99.1 | | Deutsche Bank | Z | | | | | Interim Reportas of June 30, 2024 | | | | | | | | | | | | | | Deutsche Bank Interim Report as of Content Management report 4 Global economy 4 Banking industry 5 Strategy 6 Group results 9 Group results at a glance 13 Segment results 14 Financial position 23 Outlook 26 Risks and Opportunities 31 Risks 31 Opportunities 35 Risk information 36 Additional information 49 Management and Superviso ...

Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K.Germany's largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division.Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 million euros.Back in April, the bank had posted a 10% hike in first-quarter profit, smashing e ...

The market expects Deutsche Bank (DB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they mi ...

Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the German regulator BaFin said on Tuesday."The declarations on deferred tax assets in the consolidated financial statement were not complete," the regulator, known formally as the Federal Financial Supervisory Authority, said in a statement translated by CNBC.It said that 2.076 billion euros ($2.26 billion) worth of deferred tax assets had not been disclosed separat ...

Core Insights - Deutsche Bank AG has acquired loans worth €1.67 billion ($1.77 billion) from Norddeutsche Landesbank's aircraft financing portfolio, which totals €2.75 billion, with the deal expected to close in the second half of 2024 pending antitrust approval [1] - The loans are backed by commercial passenger aircraft and were acquired through a competitive bidding process [1] - NORD/LB aims to shift its focus to renewable energy financing by selling the majority of its aircraft financing portfolio to Deutsche Bank [2] - Deutsche Bank's Global Credit Financing & Solutions unit will manage the acquired loan portfolio, which includes diverse financing areas such as renewable energy and infrastructure [1][2] - Deutsche Bank's recent acquisition of Numis is expected to bolster its Asset Management segment and support future revenue growth [2] Financial Performance - Over the past three months, Deutsche Bank's stock has increased by 7.9%, outperforming the industry growth of 1.1% [4] - Deutsche Bank currently holds a Zacks Rank of 3 (Hold) [4] Market Comparisons - Other notable financial stocks include Crédit Agricole S.A. and Banco Macro S.A., with both showing significant increases in earnings estimates and stock performance [5] - Crédit Agricole's 2024 earnings estimates have risen by 8.9% recently, and its shares have gained 18.3% over the past year [5] - Banco Macro's 2024 earnings estimates have increased by 29.6% in the last 30 days, with a 32.6% gain in shares over the past three months [5]

Deutsche Bank (DB) expanded its collaboration with Bitpanda to offer real-time payment solutions for incoming and outgoing transactions for users in Germany. This API-based account solution will give Bitpanda access to German IBANs, streamlining and improving the user experience while ensuring confidence, speed and efficiency.Bitpanda is a regulated multi-asset broker platform providing more than 2,800 selected virtual assets and indices as well as stocks, ETFs and commodities to retail investors.The deal w ...

Deutsche Bank AG (DB) benefits from a strong balance sheet position and revenue growth. Its strong liquidity profile aids sustainable capital distribution activities. However, a rise in expenses and a deterioration in credit quality are concerning.Deutsche Bank continues to benefit from its deposit balance. The metric has witnessed a 2% CAGR over the last five years (ending in 2023) and the trend continued in the first quarter of 2024. Furthermore, the bank benefits from a diverse deposit base that spans mu ...

Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing transactions of Bitpanda customers in Germany.With this partnership, Bitpanda will have access to German International Bank Account Numbers (IBANs), enabling it to provide greater confidence, speed and efficiency to users of its digital-asset trading platform, the companies said in a Tuesday (June 4) press release.“Deutsche Bank’s commi ...

Group 1: Financial Performance and Projections - Deutsche Bank's Investment Bank segment revenues are expected to rise year over year in Q2 2024, driven by significant growth in Origination & Advisory revenues, which increased by 54% to €503 million in Q1 2024 [1][2] - Fixed Income and Currencies revenues are anticipated to be slightly lower in Q2 2024 compared to the previous year, despite a 7% increase to €2.5 billion in Q1 2024 [2] - The Corporate Bank segment is projected to see steady growth in non-interest income, while net interest income is expected to remain resilient, leading to stable overall segment revenues [2] Group 2: Cost Management and Litigation - Deutsche Bank aims to achieve a cost trajectory of around €5 billion in Q2 2024, with non-interest expenses declining by 3% year over year to €5.3 billion in Q1 2024 [3] - The bank has recognized €1.3 billion related to the Postbank litigation issue in the Corporate & Other segment in Q2 2024 [3] Group 3: Stock Performance - Over the past six months, Deutsche Bank's stock has gained 33.5%, outperforming the industry's growth of 13.6% [5]