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The amounts of assets either withdrawn or set for withdrawal are in the billions of dollars, a fraction of the hundreds of billions of dollars the bank has in deposits.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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE BANK
12:48p Europe's Unibail-Rodamco bids $16 billion for Westfield in global shift
09:16a DEUTSCHE BANK : competes for securing EUR300 m for SCA
03:08a DEUTSCHE BANK : U.S. company sues China's HNA over deal, cites opaque ownership
12/11 DEUTSCHE BANK : Asset Management marks 20 years of sustainable investing innovat..
12/10 DEUTSCHE BANK : Cryptocurrencies and Blockchains - Their Importance to The Futur..
12/10 DEUTSCHE BANK : Asset Management To Use DWS As Global Umbrella Brand
12/08 DEUTSCHE BANK CAN COPE WITH BASEL II : CFO in paper
12/08 DEUTSCHE BANK : China's HNA pushes back against liquidity concerns, won't sell a..
12/08 CORRECTION : Corrections for Dec. 7, 2017
12/07 DEUTSCHE BANK : Provides a US$100 Million Loan to FE CREDIT
More news
News from SeekingAlpha
12/07 WALL STREET BREAKFAST : Bitcoin Bull Run Continues Past $15,000
12/07 Bloomberg corrects Trump subpoena story
12/06 Deutsche Bank Finally Breaks Out - Can It Hold?
12/05 Buy Prudential Financial For Income
12/05 WALL STREET BREAKFAST : Big Votes For Senate Banking Committee
Financials (€)
Sales 2017 27 516 M
EBIT 2017 3 869 M
Net income 2017 1 340 M
Debt 2017 -
Yield 2017 0,71%
P/E ratio 2017 25,67
P/E ratio 2018 13,76
Capi. / Sales 2017 1,23x
Capi. / Sales 2018 1,18x
Capitalization 33 771 M
Chart DEUTSCHE BANK
Duration : Period :
Deutsche Bank Technical Analysis Chart | DBK | DE0005140008 | 4-Traders
Technical analysis trends DEUTSCHE BANK
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 14,6 €
Spread / Average Target -11%
EPS Revisions
Managers
NameTitle
John Cryan Chief Executive Officer
Christian Sewing Co-President & Co-Head-Private Bank
Marcus Schenck Co-President & Co-Head-Investment Bank
Paul Achleitner Chairman-Supervisory Board
Kimberly L. Hammonds Chief Operations Officer
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE BANK7.03%39 765
JP MORGAN CHASE & COMPANY21.24%366 472
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD33.33%306 149
BANK OF AMERICA30.23%301 862
WELLS FARGO7.71%290 104
CHINA CONSTRUCTION BANK CORPORATION28.49%231 670