Erste Group Bank Issues Pessimistic Forecast for DB Earnings

Deutsche Bank Aktiengesellschaft (NYSE:DB) – Equities research analysts at Erste Group Bank cut their FY2027 earnings estimates for Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now anticipates that the bank will post earnings per share of $4.45 for the year, down from their previous forecast of $4.46. The consensus estimate for Deutsche Bank Aktiengesellschaft’s current full-year earnings is $3.93 per share.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, September 2nd. Zacks Research raised Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 2.8%

Shares of NYSE:DB opened at $39.35 on Monday. The company has a market cap of $76.34 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.56 and a beta of 0.96. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $41.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $37.81 and a 200 day moving average price of $34.19.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of large investors have recently modified their holdings of DB. WINTON GROUP Ltd purchased a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $652,000. Integrated Wealth Concepts LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $164,000. West Family Investments Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $239,000. Corient Private Wealth LP boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 6.5% during the second quarter. Corient Private Wealth LP now owns 30,854 shares of the bank’s stock valued at $1,042,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Triumph Capital Management increased its holdings in Deutsche Bank Aktiengesellschaft by 4.8% during the second quarter. Triumph Capital Management now owns 8,673 shares of the bank’s stock valued at $293,000 after buying an additional 399 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company’s principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.