Deutsche Bank Aktiengesellschaft (NYSE:DB) Q4 2023 Earnings Conference Call February 1, 2024 5:00 AM ET Company Participants Ioana Patriniche – Managing Director and Head of Investor Relations Christian Sewing – Chief Executive Officer James von Moltke – Chief Financial Officer Conference Call Participants Chris Hallam – Goldman Sachs International Kian Abouhossein – JPMorgan Adam Terelak – Mediobanca Stuart Graham – Autonomous Research Nicolas Payen – Kepler Anke Reingen – RBC Giulia Aurora – Morgan Stanle ...

Deutsche Bank Investor Relations Q4 / FY 2023 results #PositiveImpact February 1, 2024 Deutsche Bank Investor Relations Results reflect the strength of Global Hausbank strategy FY 2023 ...

The reflection of a Deutsche Bank AG logo outside a bank branch in Berlin, Germany, on Monday, March 27, 2023.Deutsche Bank on Thursday smashed fourth-quarter earnings expectations with a net profit of 1.3 billion euros ($1.4 billion), and announced a further 1.6 billion euros in shareholder returns for 2024.The quarterly net profit figure marked an almost 30% fall from the same quarter a year ago, but was significantly higher than the 785.61 million euros expected by analysts.Deutsche also announced plans ...

Diageo PLC (LSE:DGE)’s first-half results were below consensus and Deutsche Bank says the debate now is whether the latest cuts to forecasts will be the last negative revision. In its view, the answer is no, with US challenges increasingly looking more structural than cyclical. "We strongly suspect there will be more disappointment to come,” the bank said. Deutsche Bank was a seller of the Johnnie Walker and Guinness group even before the 10 November profit warning sparked a share price collapse. 'Sell' rem ...

Banks across the globe have been continuously undertaking restructuring efforts to focus more on core operations. While these efforts are expected to result in elevated expenses, they will aid growth in the long run. Moreover, while the uneven economic recovery in developed and emerging nations has been hurting revenue growth for companies within the Zacks Foreign Banks Industry, higher interest rates will continue to provide support.Thus, despite the geopolitical concerns, industry players like ICICI Bank ...

Snap Inc (NYSE: SNAP) has already doubled over the past four months but a Deutsche Bank analyst is convinced it still has more room to the upside.Snap stock should be worth $19Copy link to sectionBenjamin Black upgraded the social media company to “buy” this morning and raised his price objective to $19 that suggests about a 17% upside from here. The analyst told clients in a research note today that better advertising trends are expected to help Snap stock move further up in the coming months.Recent ad che ...

Commercial Real Estate Market Overview - Greg Lippmann, a key figure in "The Big Short," is preparing for a significant trade in commercial mortgage bonds, seeing opportunity in the distressed commercial real estate debt market [1] - Commercial real estate faces challenges with property prices slumping, most office buildings in trouble, and a large amount of debt coming due at higher interest rates [2] - The Federal Reserve's potential pivot to rate cuts has spurred optimism in financial markets, with U S stocks returning to record territory [4] Investment Strategy and Opportunities - LibreMax Capital, founded by Lippmann, is focusing on mispriced securities backed by pools of loans on different property types, rather than single trophy buildings [5] - The firm is betting on cherry-picking bonds at bargain prices that produce less dire outcomes than anticipated, using risk models and data analysis [4] - Older investment-grade BBB rated conduit bonds saw price talk of $42 to $65, with potential for full face value repayment at maturity [5] Market Dynamics and Investor Interest - New bond supply in the commercial mortgage-backed securities (CMBS) sector has been sparse since the Fed raised rates to a 22-year high [6] - Despite steep discounts on BBB and lower-rated securities, newly issued CMBS in January met strong investor demand [6] - DoubleLine Capital, with $95 billion in assets under management, is also exploring opportunities in the CMBS market, launching a new ETF focused on higher-rated bonds [7][8] Long-term Outlook - Lippmann views the current market conditions as a multiyear opportunity, with commercial real estate prices having declined but the opportunity persisting [8] - The firm sees potential for higher recoveries in some commercial mortgage-backed securities than current prices reflect, similar to past strategies with subprime and student loan bonds [3]

Blowout earnings aren’t the obvious time for a downgrade. Yet Deutsche Bank, while lifting its price target on Netflix to $525 from $460, has downgraded its rating on the streaming leader to hold from buy. Netflix shares NFLX, +1.33% rallied 9% to $539 in premarket trade on Wednesday. Read: Netflix stock jumps on huge spike in new subscribers, surge in ad sales “Netflix is still the best story in media among the vertically integrated producers/programmers/distributors,” said Bryan Craft, a Deutsche Bank ...

Rivian (NASDAQ:RIVN) stock is slipping on Wednesday after the company’s shares were hit with a downgrade from Deutsche Bank analysts.These analysts downgraded shares of RIVN stock from a “buy” rating to a “hold” rating today. For the record, the analysts’ consensus rating for RIVN shares is moderate buy.In addition to that downgrade, the Deutsche Bank analysts also dropped the price target for RIVN stock from $29 per share to $19 per share. That’s still a potential 6.6% increase over its prior closing price ...

The excitement around artificial intelligence that fueled the U.S. stock-market rally last year is poised to translate into more real-world uses in 2024 as potential applications of the technology expand to a broader market, according to Deutsche Bank analysts. “This [2024] is a pivotal year for generative AI to move beyond experimentation to implementation and for winners and losers to begin to emerge,” said Deutsche Bank research analysts Adrian Cox and Galina Pozdnyakova in a Monday client note. When gen ...