Deutsche Bank : A Wind of Change amidst the COVID storm; Buy recommendations on SP, SNP and Tier 2 maintained
DB has not passed its “Wende†yet, but despite the COVID-19 storm, a wind of change has been providing tailwinds for some months now. The transformation plan continues to be orderly executed and underlying trends have improved despite the unprecedented crisis and the significant challenges raised by the outbreak. The recent Risk Deep Dive was a very useful and instructive transparency exercise which supported our view that the hit on DB’s asset quality and capital should remain m...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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