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.”
A number of other equities research analysts have also recently commented on DB. JPMorgan Chase & Co. restated a hold rating and issued a $7.00 price target on shares of Deutsche Bank in a report on Thursday, April 25th. HSBC restated a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. DZ Bank restated a neutral rating on shares of Deutsche Bank in a report on Tuesday, March 19th. UBS Group restated a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. Finally, Royal Bank of Canada restated a sell rating on shares of Deutsche Bank in a report on Friday, March 22nd. Nine investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $7.60.
Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $7.21 billion during the quarter. Deutsche Bank had a net margin of 0.88% and a return on equity of 0.48%. As a group, analysts forecast that Deutsche Bank will post 0.56 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in shares of Deutsche Bank during the first quarter valued at about $32,000. Lindbrook Capital LLC acquired a new position in shares of Deutsche Bank during the fourth quarter valued at about $41,000. Performa Ltd US LLC acquired a new position in shares of Deutsche Bank during the fourth quarter valued at about $65,000. LPL Financial LLC acquired a new position in shares of Deutsche Bank during the third quarter valued at about $123,000. Finally, Cerity Partners LLC grew its holdings in shares of Deutsche Bank by 13.4% during the fourth quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock valued at $94,000 after buying an additional 1,361 shares during the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.
Deutsche Bank Company Profile
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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