QUOTE AND NEWS
Financial Times  1 hr ago  Comment 
Lender launches review of whether to move British operations to Germany if the UK leaves EU
Yahoo  5 hrs ago  Comment 
Deutsche Bank (DBKGn.DE) co-CEO Juergen Fitschen rejected prosecutors' accusations that he gave misleading evidence in connection with the 2002 collapse of the Kirch media empire. Fitschen, 66, has vowed to fight the criminal allegations, which...
Yahoo  May 15  Comment 
With the stock market trading at or near all-time highs, the chief U.S. equity strategist Deutsche Bank tells CNBC he would not chase this rally.
Benzinga  May 15  Comment 
Companies that practice aggressive accounting offer lower future stock returns and underperform the market, an analyst said Thursday. Deutsche Bank's David Elledge said research from Messod D. Beneish of the University of Indiana suggests that...
Benzinga  May 14  Comment 
In a report published Thursday, Deutsche Bank analysts maintained a Hold rating on Intuit Inc. (NASDAQ: INTU), with a price target of $100, ahead of the company's earnings release. Intuit is scheduled to reports its F3Q15 results on May 21. The...
Benzinga  May 14  Comment 
Danaher Corporation (NYSE: DHR) will be hard-pressed to meet goals related to its pending $13.8 billion acquisition of Pall Corporation (NYSE: PLL), an analyst said Thursday. Deutsche Bank's John G. Inch reiterated a Hold rating and $87 target...
Wall Street Journal  May 14  Comment 
In an interview with The Wall Street Journal, Deutsche Bank’s chairman, Paul Achleitner, speaks about the future of the industry, the bank and its management.
Benzinga  May 13  Comment 
In a report published Wednesday, Deutsche Bank analysts downgraded the rating on AOL, Inc. (NYSE: AOL) to Hold, with a price target of $50. Verizon Communications Inc. (NYSE: VZ) has placed a bid of $50 per share for AOL, which values the...
Benzinga  May 13  Comment 
Analysts at Pacific Crest initiated coverage on Mobileye NV (NYSE: MBLY) with a Sector Weight rating. Mobileye shares dropped 0.15 percent to $46.16 in after-hours trading. Latest Ratings for MBLY Date Firm Action From To May...
Benzinga  May 12  Comment 
Analysts at Citigroup upgraded Axalta Coating Systems Ltd (NYSE: AXTA) from Neutral to Buy. The price target for Axalta Coating Systems has been raised from $30.00 to $38.00. Axalta Coating Systems' shares fell 1.65 percent to close at $32.26...




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki