QUOTE AND NEWS
Wall Street Journal  3 hrs ago  Comment 
The German lender’s markets business appears to have found its feet in spite of the stormy start to the year, but capital is still under pressure.
newratings.com  4 hrs ago  Comment 
VIENNA (dpa-AFX) - German shares followed Japanese shares lower on Thursday after the Bank of Japan surprised market participants by holding back from further stimulus. Japan's Nikkei index plunged 3.6 percent and the yen climbed almost 3...
Clusterstock  5 hrs ago  Comment 
Expectations for Deutsche Bank are low. So low in fact that a 58% fall in quarterly profit produced a near 4% rise in its stock price. Here's the chart: The figures don't look great. Net income at Deutsche Bank fell 58% in the first...
newratings.com  5 hrs ago  Comment 
FRANKFURT (dpa-AFX) - Deutsche Bank AG (DB) reported Thursday a sharp decline in first-quarter profit, reflecting higher provision for credit losses and weak revenues, amid challenging capital market conditions. Shares were gaining around 5...
The Times of India  8 hrs ago  Comment 
Financial Times  7 hrs ago  Comment 
The Times of India  6 hrs ago  Comment 
Frankfurt, April 28, 2016 (AFP) -Deutsche Bank, Germany's biggest lender, on Thursday warned that 2016 would be a difficult year, even if it performed better than expected in the first three months.
Yahoo  6 hrs ago  Comment 
Co-chief executive John Cryan said the results reflected wider challenging conditions in the first quarter.
The Economic Times  7 hrs ago  Comment 
Deutsche Bank maintains hold rating on Exide Industries post March quarter results but raised its target price to Rs 145 from Rs 140 earlier.




 
TOP CONTRIBUTORS

Deutsche Bank AG (NYSE:DB) is a global financial services firm that offers various financial and investment products to individual, corporate, and institutional clients. Deutsche Bank operates in three divisions: Corporate and Investment Bank, which advises corporate and institutional clients on structuring financial transactions and provides debt and equity issuance; Private Clients and Asset Management, which serves retail and institutional clients and high net worth individuals; and Corporate Investments, which manages the firm’s investments, including its alternative assets. Deutsche Bank’s other offerings include life insurance and mortgage products and services.

Business Overview

Founded in 1870, Deutsche Bank AG was established as an international financial services firm aimed at promoting trading between Germany and other markets throughout Europe and the world. Since then, Deutsche Bank has grown into a leading financial services firm, offering a wide range of financial and related products and services. With nearly 78,000 employees and $2.67 trillion in assets, Deutsche Bank is one of the largest financial institutions in the world.[1]

The firm operates in three divisions:

  • Corporate and Investment Bank (CIB) advises institutional clients on how to structure and execute transactions like mergers and acquisitions. CIB also handles the origination, sale, and trading of equities, debt, and other types of securities.[2]
  • Private Clients and Asset Management (PCAM) provides investment advisory and management services to both institutional and retail investors. Deutsche Bank’s private banking division, which serves high-net-worth individuals and families as well as certain small businesses, also operates within the PCAM segment.
  • Corporate Investments (CI) manages Deutsche Bank’s own investments, including alternative assets like private equity and real estate investments; CI also includes a portfolio of industrial holdings, but these are being eliminated. This segment’s performance depends on changes in the values of its holdings, making it more variable and uncontrollable than Deutsche Bank’s other divisions.

Business & Financial Metrics[3]

In 2009, DB generated a net income of €4.95 billion on revenues of €27.95 billion. This represents a turnaround from 2008, when the company incurred a net loss of €3.90 billion on €13.61 billion in revenues.

Trends and Forces

Declining global M&A activity

When economic conditions take a turn for the worse, fewer firms look to buy and sell other companies, leading to lower revenues for Deutsche Bank and other investment banks that structure these types of transactions. The spreading effects of the credit crunch and the slowdown in the U.S. housing market could drive down the frequency of mergers and acquisitions worldwide. Deutsche Bank would be especially hard hit by a global slowdown in M&A activity since its Corporate and Investment Bank division accounts for well over half of the firm’s pretax income.[4]

Competition

As a diversified financial services firm, Deutsche Bank’s operations span both investment banking and retail banking. Since over half of its profits come from investment banking, however, it’s most often compared to other I-banks such as Goldman Sachs Group (GS), Morgan Stanley (MS), and Merrill Lynch (MER). As Deutsche Bank pares down its retail operations to focus on higher-margin investment banking segments, this comparison will continue to become more appropriate.

References

  1. Deutsche Bank Interim Report as of September 30, 2007 - Fact Sheet
  2. Deutsche Bank Interim Report as of September 30, 2007 - Segmental Results of Operations 9M2007
  3. DB 2009 20-F pg. 2  
  4. Deutsche Bank Annual Report 2006 - Results by Segment
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