QUOTE AND NEWS
The Economic Times  Sep 1  Comment 
"Oil price is one issue which is not a source of headache by itself. It is a refreshing positive for the economy."
newratings.com  Aug 29  Comment 
DGAP-DD: Deutsche Bank AG english Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG Directors' Dealings notification transmitted by DGAP - a service of EQS...
SeekingAlpha  Aug 28  Comment 
By Asean Century: Bloomin' Brands (NASDAQ:BLMN) just cannot get any love. What caught my attention was when Deutsche Bank removed the restaurant operator from its short-term buy list. It only took shares to drop almost 32% for Deutsche Bank to...
Wall Street Journal  Aug 28  Comment 
Deutsche Bank's London branch was fined $7.8 million by the U.K.'s Financial Conduct Authority for putting the wrong buy and sell markers on millions of transactions in regulatory reports.
MarketWatch  Aug 28  Comment 
Deutsche Bank slides after being fined $7.8 million, while Essilor advances after a solid earnings report.
Benzinga  Aug 27  Comment 
Deutsche Bank's Gregory Gilbert initiated coverage on some of the largest Big Pharma stocks Wednesday morning. Pfizer (NYSE: PFE) - Buy rating and $34 price target - Shares up 0.9 percent to $29.48. Eli Lilly (NYSE: LLY) - Buy and $71 target...
DailyFinance  Aug 26  Comment 
Deutsche Bank anunció hoy que Andrés de Goyeneche ha sido nombrado Chief Country Officer de Deutsche Bank Chile. De Goyeneche inició su trayectoria en Deutsche Bank en 2000 y continuará sirviendo en sus actuales funciones...
newratings.com  Aug 26  Comment 
DGAP-DD: Deutsche Bank AG english Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG Directors' Dealings notification transmitted by DGAP - a service of EQS...
Benzinga  Aug 25  Comment 
Regado Biosciences (NASDAQ: RGDO) plunged after safety concerns permanently halted trials on its lead drug candidate for preventing complications from angioplasty surgery. Deutsche Bank's Robyn Karnauskas downgraded the shares to Hold from Buy...




 
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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