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Entain PLC (LSE:ENT) shares climbed back up 1.5% on Wednesday morning after falling almost 11% the day before on the back of the departure of chief exec Gavin Isaacs after just five months. "Entain has struggled to hang on to its CEOs in recent years," Deutsche Bank pointed out.
UBS's stock is now worth buying, after tumbling following the Swiss banking giant's fourth-quarter earnings report, Deutsche Bank analysts say.
Deutsche Bank Aktiengesellschaft's Q4 results showed an 8.6% revenue increase but a 17% drop in pre-tax profit due to higher non-operating costs. The bank's net interest income and margin grew; we hold a positive outlook for 2025 due to favorable yield curve movements and moderate credit risk. Despite its litigation cost concerns, Deutsche's valuation is attractive with an FX-adjusted price-to-book ratio of around 0.65x and a strong shareholder composition package.
Deutsche Bank Aktiengesellschaft (NYSE:DB ) Q4 2024 Earnings Conference Call January 30, 2024 5:00 AM ET Company Participants Ioana Patriniche - Head, IR Christian Sewing - CEO & Chairman James Von Moltke - President & CFO Alexander Von zur Mühlen - CEO, Asia-Pacific, Europe, Middle East & Africa (EMEA), and Germany Conference Call Participants Nicolas Payen - Kepler Cheuvreux Anke Reingen - RBC Kian Abouhossein - JPMorgan Flora Bocahut - Barclays Chris Hallam - Goldman Sachs Stefan Stalmann - Autonomous Andrew Coombs - Citi Jerry Sigee - BNP Paribas Tom Hallett - KBW Operator Ladies and gentlemen, welcome to Q4 2024 analyst conference call and live webcast. I'm [indiscernible], the Chorus Call operator.
Deutsche Bank derives 57% of its revenue from the Private Bank and Corporate Bank segments which saw weaker Q4 2024 profitability. The main profit drivers in Q4 2024 were the Investment Bank and Asset Management Segments which make up 43% of the bank's topline. The bank confirmed its +10% ROTE target for 2025, with higher profitability mainly expected to come from smaller non-recurring provisions and revenue growth.
A rise in expenses affects DB's Q4 Earnings. However, lower provisions and strong top-line growth provide support.
Deutsche Bank plans to continue cutting costs by reducing headcount, adding technology and possibly closing business units, executives said Thursday (Jan. 30).
Deutsche Bank reported solid Q4 results with €7.2 billion in revenue, driven by a 30% YoY jump in the investment bank. The 2025 outlook is mixed, with expected mid-single-digit revenue growth and cost pressures from wage inflation, leading to a higher cost-to-income ratio. Despite announcing a €750 million buyback and €1.4 billion dividend, I find the buyback yield disappointing compared to other European banks.
James von Moltke, the CFO of Deutsche Bank, discusses the German lender's fourth-quarter and full-year earnings.
Deutsche Bank delivered bad news on spending, and investors weren't happy.