According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. Though first-quarter results improved year over year on lower expenses and net asset inflows, fall in revenues and higher provisions were the key undermining factors. The company's profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Further, litigation issues related to past misconducts continue, and legal costs might deter bottom-line growth to some extent. Also, its margins remain under pressure owing to low interest rates in the domestic economy. However, the company’s efforts to improve financials by offloading unprofitable businesses and continued investments in order to expand its fee income sources are commendable. Further, efforts to cut expenses support bottom-line growth.”
Several other research analysts have also weighed in on the stock. UBS Group lowered shares of Deutsche Bank from a neutral rating to a sell rating and set a $7.42 price objective on the stock. in a report on Monday, May 20th. Credit Suisse Group reiterated a sell rating and set a $6.50 price objective on shares of Deutsche Bank in a report on Monday, April 29th. Norddeutsche Landesbank reiterated a hold rating and set a $8.00 price objective on shares of Deutsche Bank in a report on Friday, April 26th. DZ Bank reiterated a hold rating on shares of Deutsche Bank in a report on Friday, April 26th. Finally, Royal Bank of Canada reiterated a sell rating and set a $7.50 price objective on shares of Deutsche Bank in a report on Thursday, April 25th. Ten analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Deutsche Bank presently has an average rating of Sell and a consensus target price of $7.55.
Deutsche Bank (NYSE:DB) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $7.21 billion for the quarter. Deutsche Bank had a net margin of 0.92% and a return on equity of 0.49%. Analysts forecast that Deutsche Bank will post 0.56 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in Deutsche Bank in the first quarter valued at approximately $32,000. Lindbrook Capital LLC purchased a new position in Deutsche Bank in the fourth quarter valued at approximately $41,000. Performa Ltd US LLC purchased a new position in Deutsche Bank in the fourth quarter valued at approximately $65,000. LPL Financial LLC purchased a new position in Deutsche Bank in the third quarter valued at approximately $123,000. Finally, OLD Mission Capital LLC purchased a new position in Deutsche Bank in the first quarter valued at approximately $88,000. Hedge funds and other institutional investors own 21.41% of the company’s stock.
About Deutsche Bank
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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