Deutsche Bank AG(DB)

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Deutsche Bank AG(DB) - 2024 Q2 - Quarterly Report
2024-07-24 13:32
| --- | --- | |---------------------------------------|--------------| | | Exhibit 99.1 | | Deutsche Bank | Z | | | | | Interim Reportas of June 30, 2024 | | | | | | | | | | | | | | Deutsche Bank Interim Report as of Content Management report 4 Global economy 4 Banking industry 5 Strategy 6 Group results 9 Group results at a glance 13 Segment results 14 Financial position 23 Outlook 26 Risks and Opportunities 31 Risks 31 Opportunities 35 Risk information 36 Additional information 49 Management and Superviso ...
Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision
CNBC· 2024-07-24 05:11
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K.Germany's largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division.Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 million euros.Back in April, the bank had posted a 10% hike in first-quarter profit, smashing e ...
Deutsche Bank (DB) to Report Q2 Results: Wall Street Expects Earnings Growth
ZACKS· 2024-07-17 15:09
The market expects Deutsche Bank (DB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they mi ...
Deutsche Bank criticized by German regulator for financial reporting error
CNBC· 2024-07-16 09:33
Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the German regulator BaFin said on Tuesday."The declarations on deferred tax assets in the consolidated financial statement were not complete," the regulator, known formally as the Federal Financial Supervisory Authority, said in a statement translated by CNBC.It said that 2.076 billion euros ($2.26 billion) worth of deferred tax assets had not been disclosed separat ...
Deutsche Bank (DB) Buys Aviation Loans Portfolio From NORD/LB
ZACKS· 2024-06-18 14:41
Deutsche Bank AG (DB) has acquired loans worth €1.67 billion ($1.77 billion) from Norddeutsche Landesbank’s (“NORD/LB”) aircraft financing portfolio of €2.75 billion. The deal is expected to close in the second half of 2024, subject to approval from the antitrust authorities.The purchase price of the deal has been kept under wraps.The loans were acquired through a competitive bidding process and are backed by commercial passenger aircraft.The loan portfolio is being taken over by DB’s Global Credit Financin ...
Deutsche Bank (DB) to Offer API-Based Solution With New Pact
ZACKS· 2024-06-06 17:36
Deutsche Bank (DB) expanded its collaboration with Bitpanda to offer real-time payment solutions for incoming and outgoing transactions for users in Germany. This API-based account solution will give Bitpanda access to German IBANs, streamlining and improving the user experience while ensuring confidence, speed and efficiency.Bitpanda is a regulated multi-asset broker platform providing more than 2,800 selected virtual assets and indices as well as stocks, ETFs and commodities to retail investors.The deal w ...
Deutsche Bank's (DB) Deposit Base Aids, Low Credit Quality Ails
ZACKS· 2024-06-04 16:46
Deutsche Bank AG (DB) benefits from a strong balance sheet position and revenue growth. Its strong liquidity profile aids sustainable capital distribution activities. However, a rise in expenses and a deterioration in credit quality are concerning.Deutsche Bank continues to benefit from its deposit balance. The metric has witnessed a 2% CAGR over the last five years (ending in 2023) and the trend continued in the first quarter of 2024. Furthermore, the bank benefits from a diverse deposit base that spans mu ...
Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
PYMNTS.com· 2024-06-04 16:30
Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing transactions of Bitpanda customers in Germany.With this partnership, Bitpanda will have access to German International Bank Account Numbers (IBANs), enabling it to provide greater confidence, speed and efficiency to users of its digital-asset trading platform, the companies said in a Tuesday (June 4) press release.“Deutsche Bank’s commi ...
Deutsche Bank (DB) Offers Updates on Segmental Q2 Performance
ZACKS· 2024-06-03 12:20
At an investor conference late last week in New York, Deutsche Bank’s (DB) chief financial officer, James von Moltke, provided segment performance updates for the second quarter of 2024. The company also stated that it is on track to achieve revenue and expense targets for this year and 2025.DB expects overall Investment Bank (IB) segment revenues to rise year over year in the second quarter of 2024, given the substantial growth in Origination & Advisory revenues. The growth in Origination & Advisory fees i ...
Deutsche Bank (DB) Plans to Discontinue Numis' US Operations
zacks.com· 2024-05-28 16:56
Deutsche Bank (DB) is set to shut down the U.S. operations of its London stockbroker subsidiary, Numis Securities. This decision comes to light as the company attempts to streamline its operations following a decrease in Numis’ estimated value.In October 2023, Deutsche Bank acquired Numis for £410 million ($500 million) and rebranded it as Deutsche Numis. However, in February 2024, it lowered the estimated value of the company by £200 million ($253 million) due to impairment charges that are often associate ...