QUOTE AND NEWS
Benzinga  11 hrs ago  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...
Benzinga  May 11  Comment 
In a report issued Monday, analysts at Deutsche Bank initiated coverage on four companies in the website presence and tools provider space. The firm gave GoDaddy Inc (NYSE: GDDY) a Buy rating, and Wix.Com Ltd (NASDAQ: WIX), Endurance International...
Wall Street Journal  May 11  Comment 
Deutsche Bank, whose U.S. unit failed the Federal Reserve’s most recent battery of stress tests, is adding veteran financial executive Paul Saltzman to oversee the process in future years.
TheStreet.com  May 8  Comment 
NEW YORK (TheStreet) -- Shares of Yelp are rallying, up 6.42% to $50.03 on heavy volume in midday trading Friday, after Deutsche Bank analysts said they see a 60% chance that the company will sell itself at a price between $59 to $85 per...
Wall Street Journal  May 7  Comment 
Shareholder advisory firms ISS and Glass Lewis are urging Deutsche Bank investors not to back co-chief executives Anshu Jain and Jürgen Fitschen and their fellow executive board members.
Market Intelligence Center  May 7  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithms on Deutsche Bank AG (DB) could yield about 2.86% (14.71% annualized, for comparison purposes only) in 71 days. Pair a long position in the stock with the Jul. '15...
newratings.com  May 6  Comment 
Deutsche Bank AG: Publication according to § 26 paragraph. 1 WpHG with the objective of Europe-wide distribution Deutsche Bank AG 06.05.2015 17:47 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group...
Market Intelligence Center  May 6  Comment 
The option-trade picking algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center have selected a covered-call trade on Deutsche Bank AG (DB) that includes 6.66% downside protection. Sell one contract of the Oct. '15 $31.00...




 
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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