Deutsche Bank AG(DB)
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Deutsche Bank AG(DB) - 2025 Q4 - Earnings Call Transcript
2026-01-29 07:02
Financial Data and Key Metrics Changes - The company reported revenues of EUR 32 billion for 2025, representing a compound annual revenue growth of 6% since 2021, within the target range of 5.5%-6.5% [2] - Pre-tax profit reached EUR 9.7 billion, and net profit was EUR 7.1 billion, with a post-tax return on tangible equity of 10.3%, meeting the full-year target of above 10% [3] - The cost-income ratio was 64%, in line with the target of below 65%, and credit loss provisions decreased to EUR 1.7 billion, down year-on-year [2][3] Business Line Data and Key Metrics Changes - The Corporate Bank delivered revenue growth of over 40% since 2021, benefiting from a normalized interest rate environment and increased fee income [6] - The Investment Bank saw a 5% year-on-year increase in revenues for the fourth quarter, driven by strength in Fixed Income and Commodities (FIC) [26] - The Private Bank achieved a post-tax return on tangible equity of 10.5% for the full year, with revenues of EUR 2.4 billion, including a 10% year-on-year growth in net interest income [29] Market Data and Key Metrics Changes - The company reported a strong CET1 ratio of 14.2% at year-end, despite capital headwinds, and maintained a liquidity coverage ratio of 144% [3][16] - The asset management arm, DWS, attracted EUR 85 billion of net new assets over the last four years, with assets under management surpassing EUR 1 trillion in 2025 [8] Company Strategy and Development Direction - The company aims to scale its global house bank model, focusing on growth, capital discipline, and a scalable operating model [11][12] - The strategic roadmap includes increasing post-tax return on tangible equity from 10% in 2025 to greater than 13% by 2028, and improving the cost-income ratio to below 60% [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong start to 2026 and the ability to deliver on the 2028 agenda, aiming to become the European champion in banking [12][36] - The company expects full-year revenues to increase to around EUR 33 billion in 2026, supported by growth in net interest income and net commission income [34] Other Important Information - The company proposed a EUR 1 dividend per share and a EUR 1 billion share buyback, with total distributions for 2025 reaching EUR 2.9 billion, exceeding the original target of EUR 8 billion for cumulative distributions from 2021 to 2025 [4][10] - The transition to the new CFO, Raja Akram, was noted as seamless, with management expressing gratitude for the outgoing CFO, James von Moltke's contributions [13][14] Q&A Session Summary Question: What are the expectations for revenue growth in 2026? - The company expects full-year revenues to increase to around EUR 33 billion, aided by banking book net interest income growing to EUR 14 billion [34] Question: How is the company addressing cost management? - The company maintained strict cost discipline, with non-interest expenses expected to increase slightly above EUR 21 billion in 2026, including incremental investments to unlock growth [36]
Deutsche Bank AG(DB) - 2025 Q4 - Earnings Call Transcript
2026-01-29 07:00
Deutsche Bank (NYSE:DB) Q4 2025 Earnings call January 29, 2026 01:00 AM ET Speaker2Thank you for joining us for our fourth quarter and full year 2025 preliminary results call. As usual, our Chief Executive Officer, Christian Sewing, will speak first, followed by Chief Financial Officer, James von Moltke. The presentation, as always, is available to download in the investor relations section of our website, db.com. Before we get started, let me just remind you that the presentation contains forward-looking s ...
Deutsche Bank Profit Beats Views on Lighter Costs
WSJ· 2026-01-29 06:38
Group 1 - The core viewpoint is that growth in the investment bank and asset-management divisions has positively impacted the company's bottom line [1]
Deutsche Bank beats profit expectations in fourth quarter earnings
CNBC· 2026-01-29 06:12
Group 1 - Deutsche Bank reported record profits in Q4 2025, with a net profit attributable to shareholders of 1.3 billion euros ($1.56 billion), exceeding analysts' forecast of 1.12 billion euros [1] - The group's revenues for the same period were 7.73 billion euros, aligning closely with the estimated 7.72 billion euros from LSEG [1] Group 2 - The CET 1 capital ratio for Deutsche Bank was 14.2% in Q4 2025, a slight decrease from 14.5% in the previous quarter, but an increase from 13.8% in Q4 2024 [2]
德意志银行批准10亿欧元股票回购计划
Jin Rong Jie· 2026-01-29 06:09
本文源自:金融界AI电报 德意志银行第四季度归属于股东的净利润13亿欧元,市场预期11.2亿欧元;第四季度固定收益及货币业 务收入增长6%。德意志银行第四季度信贷损失风险拨备3.95亿欧元;公司批准10亿欧元股票回购计 划。 ...
Deutsche Bank exceeds profit expectations a day after police search
Reuters· 2026-01-29 05:59
Deutsche Bank on Thursday posted its largest annual profit since 2007 after a stronger-than-expected fourth quarter, a day after police searched the bank in an alleged money-laundering probe. ...
异动盘点0129 | 物管股跟随内房股走高,爱高集团早盘闪崩跌超70%;存储板块走高,英特尔涨11.04%
贝塔投资智库· 2026-01-29 04:04
Group 1 - Lee & Man Paper Manufacturing (02314) rose nearly 6% after Nine Dragons Paper announced a profit forecast of approximately 2.15 billion to 2.25 billion yuan for the six months ending December 31, 2025, representing a year-on-year increase of 216.0% to 230.7% [1] - New Oriental Education (09901) increased nearly 4% following the release of its financial results for the second quarter of fiscal year 2026, showing a 14.7% year-on-year increase in net revenue and a 244.4% rise in operating profit [1] - Jolywood (06680) surged nearly 7% as rare earth prices continued to rise, with neodymium and praseodymium oxide prices increasing by over 120,000 yuan per ton [1] Group 2 - Chinese property management stocks saw a significant rise, with Sunac Services (01516) up 5.67% and Greentown Services (02869) up 5.81%, as a report predicted an average revenue growth of 6% for property management companies by 2025 [2] - Valiant Pharmaceuticals (09887) gained nearly 4% after receiving FDA fast track designation for its dual-specific antibody LBL-034 for treating relapsed/refractory multiple myeloma [2] - The commercial aerospace sector showed signs of recovery, with Junda Co. (02865) rising 12.1% as the China Aerospace Science and Technology Corporation emphasized the importance of the next decade for developing a strong aerospace industry [2] Group 3 - Aigo Group (00328) experienced a dramatic drop, falling over 88% at one point, with a total market value dropping below 35 million HKD [3] - China Overseas Development (00688) rose over 4.2% as Citigroup's report indicated that the Chinese real estate sector would face significant impairment and margin decline challenges in fiscal year 2025 [3] - Yuegangwan Holdings (01396) increased by 8% after announcing a share placement to raise 108 million yuan, with about 70% allocated for AI computing power cloud service projects [3] Group 4 - Junda Co. (02865) saw a rise of 11.99% as the China Aerospace Science and Technology Corporation held a meeting emphasizing the need to overcome challenges in commercial rocket launches and reusable technology [4] Group 5 - In the US market, New Oriental (EDU.US) rose 5.32% after reporting a net revenue of 1.191 billion USD for the second quarter of fiscal year 2026, a 14.7% year-on-year increase [5][6] - Semiconductor equipment and materials sector saw gains, with Texas Instruments (TXN.US) up 9.94% as it projected first-quarter revenue between 4.32 billion and 4.68 billion USD, slightly above analyst expectations [5] - Storage sector stocks surged, with Seagate Technology (STX.US) up 19.14% as it projected third-quarter revenue of 2.9 billion USD, significantly higher than analyst estimates [5]
German Authorities Raid Deutsche Bank Offices in Alleged Money Laundering Case
PYMNTS.com· 2026-01-28 23:46
Frankfurt prosecutors and the Federal Criminal Police Office conducted searches at Deutsche Bank’s premises Wednesday (Jan. 28) as part of an investigation into allegations of money laundering involving bank staff, according to a Wednesday (Jan. 28) report from Bloomberg.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .The raids took place ...
德意志银行(DB.US)跌近3% 因员工涉洗钱调查遭突袭搜查
Zhi Tong Cai Jing· 2026-01-28 23:00
周三,德意志银行(DB.US)跌近3%,报39.15美元。消息面上,据报道,德意志银行位于法兰克福的总 部及其柏林的分行遭到德国联邦警察的突击搜查。据悉,法兰克福检察官办公室和联邦刑事警察局正对 涉嫌此案的未知德意志银行员工展开调查。检察官办公室在声明中表示,德银"过去与某些外国公司保 持着业务关系,而这些公司在进一步的调查中被怀疑被用于洗钱目的"。声明称,为调查此事,正在对 德银位于法兰克福和柏林的办公场所进行搜查。 银行必须对经手的资金实施严格监控,以防止非法资金流动。德银过去常因防范此类活动的措施不足而 受到批评,曾多次遭到搜查,并已投入大量资金进行改进。此次突击搜查对德意志银行首席执行官克里 斯蒂安·泽温来说是一次挫折。他上任近八年来,因成功扭转该行困境并终结长期的丑闻和亏损局面而 广受赞誉。 德银发言人通过电子邮件声明表示:"我们确认法兰克福检察官办公室正在我们的办公场所进行调查。 银行正全力配合检察官办公室的工作。我们无法进一步置评。" ...
Deutsche Bank, DWS eye stake in Fosun-controlled firm, Bloomberg News reports
Reuters· 2026-01-28 19:48
Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled life insurance consol... ...