Deutsche Borse : Volatility drives transaction growth; NII takes hit from policy decisions
>Our estimates fine-tuned; new TP of € 137, Neutral rating maintained - We have revisited our estimates following the outbreak of COVID-19 which has triggered elevated volatility in the financial markets and prompted central banks to lower short-term interest rates further. We have increased our 2020e adj. EPS estimate from € 6.57 to € 6.62 and have lowered our 2021e adj. EPS estimate from € 7.03 to € 6.50. For 2022e, we forecast adj. EPS of € 6.93. We reiterate our N...Deutsche Boerse is a financial services provider. Co.'s segments include Eurex, which comprises areas such as T7 electronic derivatives market trading platform, T7 electronic options trading platform, and Eurex Repo® over-the-counter trading platform; Xetra, which comprises areas such as cash market, the Specialist trading, and Eurex Bonds® OTC trading platform. Clearstream, which comprises custody and settlement services, securities financing services and collateral management, and investment funds services; and Market Data + Services, which comprises areas such as Distribution of licenses for real-time trading and market signals, and development and sales of indices.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.