QUOTE AND NEWS
Financial Times  Mar 12  Comment 
European lenders respond after failing US stress tests
Benzinga  Mar 12  Comment 
Deutsche Bank issued a report on Alibaba Group Holding Ltd (NYSE: BABA). The firm rates Alibaba as a Buy and reduced its one-year price target from $105.10 to $98. The report was written before news of Alibaba investing $200 million in...
Benzinga  Mar 11  Comment 
In a report published Wednesday, Deutsche Bank analysts maintained their Buy rating on Adobe Systems Inc (NASDAQ: ADBE), with a price target of $85, following the company's annual Summit Marketing Cloud user conference in Salt Lake City, Utah....
Benzinga  Mar 11  Comment 
Two Wall Street firms had very different views of Chevron Corporation (NYSE: CVX) following meetings with the company's management. Deutsche Bank Deutsche Bank analyst Ryan Todd maintained a Buy rating and $120 price target on the stock....
Reuters  Mar 11  Comment 
U.S. Spanish-language broadcaster Univision Communications Inc has hired Goldman Sachs Group Inc , Morgan Stanley and Deutsche Bank AG to lead an initial public offering (IPO),...
Reuters  Mar 10  Comment 
U.S. Spanish-language broadcaster Univision Communications Inc has hired Goldman Sachs Group Inc, Morgan Stanley and Deutsche Bank AG to lead an initial public offering (IPO), according...
Benzinga  Mar 10  Comment 
In a note out Monday, Deutsche Bank analyst Sherri Scribner commented on the Apple Inc. (NASDAQ: AAPL) Watch and "Spring Forward" event. Scribner said, "As widely anticipated, Apple provided official details on the Apple Watch during its "Spring...
Benzinga  Mar 9  Comment 
In a report published Monday, Deutsche Bank analysts maintained a Hold rating on Staples, Inc. (NASDAQ: SPLS), with a price target of $18. The analysts mentioned that profitability at Staples continues to decline, "although the pace of the...
Clusterstock  Mar 9  Comment 
Thanks in part (er, mostly) to low gas prices, Americans are finally seeing decent real wage growth. This, as Deutsche Bank's Torsten Sløk points out, could mean really good things for consumer spending.   In other news, Aditya...
Clusterstock  Mar 9  Comment 
Seven banks and one broker may have stumped up £1.2 billion ($1.9 billion) in a collective fine in December 2013 for Euribor market manipulation but the nightmare for some of the traders involved in the scandal is not over.  The European...




 
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