Deutsche Bank AG

Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
  • TickerDBK
  • ISINDE0005140008
  • SectorBanks
  • CountryGermany

Analysts

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP, Deutsche Bank, Metro, and EDF and Veolia

A quiet December started with muted CSPP activity

ValuEngine Rating and Forecast Report for DB

ValuEngine Rating and Forecast Report for DB

Jean Sassus ...
  • Steven Gould

ODDO : Solvency read-across from UCG’s CMD: potentially positive but not confirmed!

>What is UCG’s interpretation of CRD5 (capital)? - At its CMD (new strategy plan 2020-2023) yesterday, Unicredit mentioned a possible option in terms of capital/regulations relating to a point in the CRD5 directive (article 104a). It is important to point out that this is an option (still under discussion and yet to be validated/applied by the regulator) and is not a key element in the group’s capital planning.Our understanding is that this point in CRD5 co...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/11/2019 - Atlantia- FR

Atlantia (Conserver) : Le gouvernement italien devrait prendre une décision la semaine prochaine sur la concession italienne Vienna Insurance (Achat) - 9M-19 : Résultat avant impôts de €376m (+6,8%) Deutsche Bank (Vente) : Cède un bloc d’actifs émergents d’une valeur nominal de £40mds Selecta (Achat) - Exercice 2018/19 : EBITDA de €198m (+11,4%) Loxam (Achat) - 9M-19 : EBITDA de €430m (+15,7%) Merlin Properties (Achat) : Emission d'une obligation de €500m 15Y ms+165pbs Imerys (Achat) : Pourrait céder ses filiales nord-américaines de talc ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - FR

Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) : Nouvelles discussions sur une fusion des deux groupes Unicaja Banco : Emission d'une obligation Tier 2 10NC5 Santander (Achat) - 9M-19 : PNB de €37,0 mds (+2,8%) Deutsche Bank (Vente) - 9M-19 : Perte nette de €4,1mds (RN de €455m un an avant) Pirelli (Achat) - 9M-19 : EBITDA de €979m (+7,8%) Fresenius (Conserver) - 9M-19 : EBITDA de €4,5 mds (+2,7%) Atos  (Achat) : Finalise la cession de Worldline et émission convertible de €500m Stora Enso (Achat) - 9M-19 : EBIT de €841m (-20...

Philippe Lamaud

Deutsche Bank : At the end, will Deutsche win? Credit Opinion revised to Negative on profitability issues and strategic challenges. Recommendations maintained

Football fans all know Gary Lineker’s quote about football being “a simple game: 22 men chase a ball for 90 minutes and at the end, the Germans always win”. While the Word Cup is approaching and Germany is among the favourites, Deutsche Bank’s (DB) performance has been less impressive on the banking field than the ones of the Mannschaft on the pitches, and the outcome of DB’s strategic adjustments is far less certain than the one of a football game, as suggested by Gary Lineker....

Philippe Lamaud

Deutsche Bank : At the end, will Deutsche win? Credit Opinion revised to Negative on profitability issues and strategic challenges. Recommendations maintained

Football fans all know Gary Lineker’s quote about football being “a simple game: 22 men chase a ball for 90 minutes and at the end, the Germans always win”. While the Word Cup is approaching and Germany is among the favourites, Deutsche Bank’s (DB) performance has been less impressive on the banking field than the ones of the Mannschaft on the pitches, and the outcome of DB’s strategic adjustments is far less certain than the one of a football game, as suggested by Gary Lineker....

Deutsche Bank AG: Q1 2017 Results Commentary: Stronger Capital Combined with Recovering Client Confidence and Profits are Credit Positive

FINANCIAL INSTITUTIONS ISSUER COMMENT 27 April 2017 Contacts Peter E. Nerby, CFA 212-553-3782 Senior Vice President [email protected] Ross J Hampson 44-20-7772-1440 Associate Analyst [email protected] Laurie Mayers 44-20-7772-5582 Associate Managing Director [email protected] Deutsche Bank AG Q1 2017 Results Commentary: Stronger Capital Combined with Recovering Client Confidence

Jean Sassus ...
  • Steven Gould

ODDO : Solvency read-across from UCG’s CMD: potentially positive but not confirmed!

>What is UCG’s interpretation of CRD5 (capital)? - At its CMD (new strategy plan 2020-2023) yesterday, Unicredit mentioned a possible option in terms of capital/regulations relating to a point in the CRD5 directive (article 104a). It is important to point out that this is an option (still under discussion and yet to be validated/applied by the regulator) and is not a key element in the group’s capital planning.Our understanding is that this point in CRD5 co...

Jean Sassus ...
  • Steven Gould

ODDO : Read-X solvabilité du CMD UCG : potentiellement positif, mais pas acté !

>Quelle est l’interprétation’ d’UCG sur CRD5 (capital) ? - Lors de son CMD (nouveau plan stratégique 2020-23 hier, Unicredit a mentionné une option possible en matière de capital/réglementation associée à un point de la directive CRD5 (article 104a). Il est important d’ores-et-déjà de préciser qu’il s’agit d’une option (encore en discussion et devant être encore validée/appliquée par le régulateur) et ne constitue pas un élément déterminant du capital planning d...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior