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 ...

Core Viewpoint - Deutsche Bank is positioned well to continue its trend of beating earnings estimates, with a strong history of surpassing expectations in recent quarters [1][2]. Earnings Performance - Deutsche Bank has exceeded earnings estimates by an average of 54.84% over the last two quarters [1]. - In the most recent quarter, the bank reported earnings of $0.72 per share, surpassing the expected $0.37 per share by 94.59% [1]. - For the previous quarter, Deutsche Bank's earnings of $0.61 per share exceeded the consensus estimate of $0.53 per share, resulting in a surprise of 15.09% [1]. Earnings Estimates and Predictions - Estimates for Deutsche Bank have been trending higher, influenced by its history of earnings surprises [2]. - The stock has a positive Zacks Earnings ESP of +5.26%, indicating that analysts have recently become more optimistic about the company's earnings prospects [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [2][3]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3]. - A positive Earnings ESP enhances the predictive power of earnings estimates, while a negative value does not necessarily indicate an earnings miss [3]. Stock Movement Considerations - Beating consensus EPS estimates is not the only factor influencing stock price movements; some stocks may remain stable even if they miss estimates [4]. - Utilizing the Earnings ESP Filter can help identify the best stocks to buy or sell prior to earnings reports [4].

Group 1: Core Insights - Embedded finance is transforming various industries, including retail and logistics, by integrating payments into evolving business models [1][2] - The role of CFOs and treasurers is changing as transactions become a strategic focus, enhancing customer retention and experience [1][2] - Companies are shifting towards direct-to-consumer (D2C) sales models and open platforms, which are becoming marketplaces [2][3] Group 2: Banking Integration - Banks, including Deutsche Bank, are facilitating the integration of payments into platforms through application programming interfaces (APIs) [3] - Banking services are becoming more accessible for client firms, allowing for strategic discussions on product design while maintaining compliance and risk management [3][4] - Deutsche Bank has transformed its systems into an API-accessible orchestration layer, enabling modularized services [3] Group 3: B2B Payment Transformation - B2B payments are being modernized as small business owners seek an eCommerce-like experience, expecting streamlined user experiences [5] - The digitization of manual processes is improving operations from invoicing to payments, leading to a B2B future with financing offers for recurring clients [5][6] - Strategic integration with clients and partners is enhanced through embedded finance, making companies more effective [6]