U.S. ETF sales chief at Deutsche Bank leaves company
- Author: Neal Todd Sep 21, 2016,
Sep 21, 2016, 1:15
Some analyst provided their insight on Growth Estimates; Deutsche Bank AG has the Current Quarter Earnings Growth rate of -52.1%.
Though the bank said it will seek to negotiate a lower settlement, Deutsche Bank still has to deal with a probe of its equities business in Russian Federation and is struggling to sell its German retail lender Deutsche Postbank AG. 1 Analysts reported that the Price Target for Deutsche Bank AG might touch $12.09 high while the Average Price Target and Low price Target is $12.09 and $12.09 respectively.
Any settlement above $6B would suggest a capital raise would be necessary just to pay the fine, says SocGen's Andrew Lim, noting Deutsche (NYSE:DB) has only about $12B in legal reserves and is still facing other probes.
Many analysts are providing their Estimated Earnings analysis for Deutsche Bank AG and for the current quarter 1 analysts have projected that the stock could give an Average Earnings estimate of $0.58/share. DZ Bank AG reissued a neutral rating on shares of Deutsche Bank AG in a research note on Thursday, August 25th. Keefe, Bruyette & Woods reissued a hold rating on shares of Deutsche Bank AG in a research note on Tuesday, June 28th. Deutsche Bank still has to deal with a probe of its equities business in Russian Federation and is struggling to sell its German retail lender Deutsche Postbank AG.
The bank's shares dropped by 3.06% yesterday, after falling by 9.45% on Friday. The firm's market cap is $17.47 billion. Creative Planning now owns 7,392 shares of the company's stock worth $101,000 after buying an additional 1,700 shares in the last quarter. Oppenheimer & Co. Inc. now owns 12,582 shares of the company's stock worth $172,000 after buying an additional 2,000 shares in the last quarter. Deutsche Bank AG (USA) was Downgraded by BofA/Merrill to " Underperform" on Jul 29, 2016. For the next 5 years, Deutsche Bank AG is expecting Growth of -1.12% per annum, whereas in the past 5 years the growth was -22.82% per annum.
The stock is now trading at Distance from 20-Day simple moving Average of -9.71% whereas, Distance from 50-Day Simple moving average is -7.59 Percent and Distance from 200-Day Simple Moving Average of -25.55 percent. The number of shares now owned by investors are 1.52 bln. Deutsche Bank AG has its YTD performance of -46.29 Percent. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S) Private & Business Clients (PBC) Global Transaction Banking (GTB) Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). The International Monetary Fund reiterating that the financial institution poses the greatest risk to the global financial system all but continues to compound the bank's woes on the street.