DB News and Press, Deutsche Bank AG From 02/02/23

Deutsche Bank press release ( NYSE: DB ): Q4 core bank profit before tax was € 971M, more than double the level of the fourth quarter of 2021. Revenue of €6.3B (+6.8% Y/Y). Provision for credit losses was € 351M, up from € 254M in the prior yea...

Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its affiliate Deutsche Bank Trust Company Americas (DBTCA) have increased their prime lending from 7.50% to 7.75% effective tomorrow, February 2, 2023. About Deutsche Bank Deutsche Bank provides com...

Deutsche Bank ( NYSE: DB ) is scheduled to announce Q4 earnings results on Thursday, February 2nd, before market open. The consensus EPS Estimate is $0.35 and the consensus Revenue Estimate is $7.11B (+20.5% Y/Y). Over the last 3 months, EPS estimates have seen 1 upward revi...

Summary JPMorgan is best of breed and long-term shareholders have done exceptionally well holding the stock. JPMorgan is a defensive, flight-to-quality and outperforms both in recessions and in the long term. The key risk currently is rapidly rising capital requirements. The mos...

Summary DB has risen more than 50% in the last 6 months. Even so, it is still very cheap trading at only 0.45x tangible book value. There is a trifecta of tailwinds in play. Expect a very strong Q4 earnings report. Many investors believe that European banks are simply ...

Summary Credit Suisse is currently trading at only 0.2x book value, the cheapest valuation in the European banking sector. Liquidity was a major issue in recent months and the most concerning risk for me, but this seems to have improved in recent weeks. Credit Suisse’s shares...

Deutsche Bank ( NYSE: DB ) is cutting its investment banker bonuses by 40% in the wake of an industry-wide deterioration in deal-making and debt and equity issuance stemmed from rising interest rates and an uncertain economic outlook, the Financial Times reported Friday, citing people...

Summary We explore the factors that may contribute to 2023 returns, including interest rate policy and its effect on the real economy, bond market expectations, and the impact of the yield curve. Fallen angels underperformed broad HY by 2.78% (-14.00% vs. -11.22%) for 2022, with more th...

Summary Morgan Stanley has sound fundamentals and its business strategy seems to be the right one. Its operating momentum is weakening due to cyclical headwinds, but profitability remains good and capital returns are attractive. Despite this backdrop, its current valuation of 1.6x b...

Summary Barclays is delivering RoTCE of >10% but is still super cheap. It is well-prepared for the upcoming recession. Interest rates are a tailwind. Additional buybacks and dividend hike to be announced in February. BCS should outperform in 2023. Barclays (BCS)...