Deutsche Bank (DB) Buys Aviation Loans Portfolio From NORD/LB

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]