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 ...

Group 1: Deutsche Bank's Strategy - Deutsche Bank plans to offload nearly $1 billion of its U.S. commercial property loans to reduce its commercial and real estate loan exposure due to rising interest rates impacting profits in its real estate portfolio [1] - As of June 30, 2024, Deutsche Bank's loan portfolio included $16 billion in U.S. commercial real estate loans, with $7 billion specifically tied to office properties [1] Group 2: Financial Performance and Provisions - The bank has experienced elevated provisions for commercial property over the past few years, with a compound annual growth rate (CAGR) of 23.4% in provisions for credit losses over the last five years [2] - In the first half of 2024, provisions for the investment bank segment were significantly higher compared to the previous year, particularly due to the commercial real estate sector [2] Group 3: Market Trends and Comparisons - The commercial property market is facing challenges due to rising borrowing costs and increased vacancies in U.S. offices, which are among the lowest performing assets [2] - Other banks, such as Canadian Imperial Bank of Commerce and WaFd, Inc., are also reducing their exposure to commercial real estate loans, indicating a broader trend in the industry [3] - Over the past six months, Deutsche Bank's shares have increased by 11.9% on the NYSE, outperforming the industry's growth of 10.3% [3]

Deutsche Bank (DB) looks like an attractive investment option now. The company is well positioned for future growth given its solid balance sheet and liquidity position, along with a stable deposit balance.Analysts seem optimistic regarding the company’s earnings growth prospects. In the past 60 days, the Zacks Consensus Estimate for DB’s 2024 earnings has been revised 3.2% upward. DB currently carries a Zacks Rank #2 (Buy).Mentioned below are a few factors that make DB stock worth betting on right now:Reve ...

Deutsche Bank AG (NYSE:DB) Q2 2024 Earnings Conference Call July 24, 2024 5:00 AM ET Company Participants Ioana Patriniche - Head, Investor Relations Christian Sewing - CEO James von Moltke - President & CFO Conference Call Participants Chris Hallam - Goldman Sachs Group Nicolas Payen - Kepler Cheuvreux Anke Reingen - RBC Capital Markets Kian Abouhossein - JPMorgan Chase & Co. Tom Hallett - KBW Giulia Aurora Miotto - Morgan Stanley Mate Nemes - UBS Stefan Stalmann - Autonomous Research Matthew Clark - Medio ...

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]