Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Deutsche Bank    DBK   DE0005140008

DEUTSCHE BANK (DBK)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Deutsche Bank : Shares Dive on Investor Worries--Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/30/2016 | 11:06am CET
By William Wilkes 

FRANKFURT-- Deutsche Bank AG shares nose dived early Friday, hitting new multiyear lows on news some major clients have moved to withdraw billions of dollars from the bank because of concerns about its stability.

"It's a pitch black start to the last day of the quarter for both Deutsche Bank and the German stock market," said Jochen Stanzl, analyst at CMC Markets in Frankfurt.

At 0930 GMT, Deutsche Bank shares were trading down 5.5% at EUR10.28. The lender's stock has fallen more than 50% this year.

"There's next to no one who wants to catch a falling knife," said a Frankfurt trader.

Deutsche Bank news weighed on markets in the U.S. and Asia overnight and hit European banking shares early Friday. The Eurostoxx banking index traded 3.7% lower midmorning at 88.17 points.

The rout in Deutsche Bank shares has picked up steam in past sessions, after The Wall Street Journal reported two weeks ago that the U.S. Justice Department had proposed it pay $14 billion to settle a mortgage-securities investigation. The bank has said it was unlikely to pay "anywhere near" that amount.

This week major clients have taken steps to pull billions in securities or cash from the bank, people close to the clients and the bank said late Thursday. Institutions reducing their exposure include AQR Capital Management LLC, Capula Investment Management LLP, Citadel LLC, Luxor Capital Group LP, Magnetar Capital LLC and Millennium Management LLC, these people said.

The amounts of assets either withdrawn or set for withdrawal are in the billions of dollars, a fraction of the hundreds of billions of dollars the bank has in deposits.

Deutsche said in a statement it is confident the vast majority of investors understand its stable financial position and strategy progress.

Rob Copeland

and Jenny Strasburg contributed to this article.

Stocks mentioned in the article
ChangeLast1st jan.
EURO STOXX 50 0.28% 3441.46 End-of-day quote.-1.85%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE BANK
02/23BANK OF N T BUTTERFIELD & SON : Butterfield to Acquire Deutsche Bank's Banking a..
AQ
02/23DEUTSCHE BANK : Appointed as Successor Depositary Bank for the Sponsored Level I..
AQ
02/23DEUTSCHE BANK AG : Notification and public disclosure of transactions by persons
EQ
02/23DEUTSCHE BANK AG : Notification and public disclosure of transactions by persons
EQ
02/23DEUTSCHE BANK AG : Notification and public disclosure of transactions by persons
EQ
02/23DEUTSCHE BANK AG : Notification and public disclosure of transactions by persons
EQ
02/23Germany rejects extradition of bankers to Britain in Euribor case
RE
02/23REDCO PROPERTIES : Group to issue US$300m senior notes
AQ
02/22DEUTSCHE BANK : Revised plans approved for Moorgate air rights building
AQ
02/22LAND SECURITIES : City of London gives the green light to Deutsche Bank's new HQ
AQ
More news
News from SeekingAlpha
02/243% Doesn't Matter 
02/22EUROSTOXX 50 DAILY : Lower Values After Disappointing PMI Data 
02/21EURO STOXX 50 DAILY : Starting The Week In The Red Zone 
02/20WALL STREET BREAKFAST : Albertsons Scoops Up Rest Of Rite Aid 
02/19Deutsche Bank cuts investment banking jobs 
Financials (€)
Sales 2018 27 978 M
EBIT 2018 3 919 M
Net income 2018 2 208 M
Debt 2018 -
Yield 2018 2,30%
P/E ratio 2018 13,99
P/E ratio 2019 9,33
Capi. / Sales 2018 0,99x
Capi. / Sales 2019 0,97x
Capitalization 27 794 M
Chart DEUTSCHE BANK
Duration : Period :
Deutsche Bank Technical Analysis Chart | DBK | DE0005140008 | 4-Traders
Technical analysis trends DEUTSCHE BANK
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 14,0 €
Spread / Average Target 4,4%
EPS Revisions
Managers
NameTitle
John Cryan Chief Executive Officer
Christian Sewing Co-President & Co-Head-Private Bank
Marcus Schenck Co-President & Co-Head-Investment Bank
Paul Achleitner Chairman-Supervisory Board
Kimberly L. Hammonds Chief Operations Officer
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE BANK-16.25%34 170
JP MORGAN CHASE & COMPANY7.52%399 678
INDUSTRIAL AND COMMERCIAL BANK OF CHINA12.90%376 603
BANK OF AMERICA7.35%327 856
WELLS FARGO-3.07%294 126
CHINA CONSTRUCTION BANK CORPORATION14.32%291 651