DEUTSCHE BANK AG-REGISTERED (DB)

Lockheed Martin upgraded, L3Harris downgraded: Wall Street's top analyst calls

Lockheed Martin upgraded, L3Harris downgraded: Wall Street's top analyst calls

Nestle Analysts Ask ‘What Did We Get Wrong?’ as They Cut Ratings

Nestle SA analysts are cutting their recommendations on the stock in droves on worries that the consumer company will struggle to drive profit growth, leaving it with most negative consensus rating in four years.

Mankind Taps Barclays, Deutsche Bank to Fund $1.6 Billion Buy

Mankind Pharma Ltd. has picked Barclays Plc and Deutsche Bank AG to help arrange financing for its proposed 138 billion rupees ($1.6 billion) acquisition of Bharat Serums & Vaccines Ltd., according to people familiar with the matter.

Deutsche Bank’s US Commercial Property Loans Are a Growing Drag on Its Profits

The dent in Deutsche Bank AG’s profitability from US commercial property loans hit a new high last quarter, with the lender warning that offices are unlikely to see an improvement anytime soon.

Porsche in Talks With Creditors BlueBay, Hayfin Over Varta Deal

Varta AG’s creditors including RBC BlueBay Asset Management are in talks with Porsche AG to join forces on a restructuring deal for the embattled battery maker.

RRJ, MBK in Talks to Refinance $2 Billion of Bohai Leasing Debt

Bohai Leasing Co. is one step closer to refinancing debt worth $2 billion as RRJ Capital, MBK Partners Ltd. and other financiers look to provide new funds, according to people familiar with the matter.

Deutsche Bank (DB) Reports Q2 Loss on Lawsuit Provision

Deutsche Bank's (DB) second-quarter 2024 results are impacted by an increase in expenses and a rise in provision for credit losses. The rise in commissions and fee income is a positive.

DB Stock Earnings: Deutsche Bank Misses EPS, Misses Revenue for Q2 2024

DB stock results show that Deutsche Bank missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.

Musk Calls for Patience from Tesla Investors, LVMH Sales in China Tumble | The Opening Trade 07/24

Elon Musk calls for investor patience after Tesla misses profit estimates for a fourth straight quarter. While Alphabet's CEO also asks investors to wait longer for results from AI investments. Deutsche Bank suffers its first quarterly loss in 4 years as it books a charge related to Postbank. Meanwhile Santander raises its revenue guidance. We'll hear from the CFOs of both lenders. Growth slows at LVMH. China's luxury slump hits sales of expensive fashion and booze. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)

Elon Musk Delays Robotaxis, Tesla Profit Slumps | Bloomberg The Pulse 07/24/24

Stocks of Tesla Inc. plunged in the early trade after reporting another quarter of disappointing profit, and CEO Elon Musk confirming the postponement of a highly anticipated unveiling of autonomous 'robotaxi.' In Europe, Deutsche Bank, BNP Paribas and Santander kicked off the European banks earning season with a mixed bag of results. Watch Bloomberg's interviews with the financial chiefs of the top lenders this Wednesday morning. Today's guests: Johanna Kyrklund, Schroder Group CIO; Carole Madjo, Barclays -------- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. (Source: Bloomberg)

Deutsche Bank says commercial real estate remains under pressure

Deutsche Bank on Wednesday tempered exepectations for a recovery in the commercial real estate market and said it forecasts further pressure in the second half of the year. Chief financial officer James von Moltke told journalists that conditions were improving but more slowly than he had anticipated and provisions for commercial real estate in the U.S. will continue to be impacted. The German lender pointed to "continued commercial real estate pressure" in the remaining half of the year.

Morning bid: High earnings bar, Harris polling bump

Deutsche Bank and BNP Paribas topped the list in Europe -- with both stocks were in the red and the former down heavily. The U.S. equivalent is due later on Wednesday. And election developments add to the uncertainty as Vice President Kamala Harris' likely nomination to replace Joe Biden in November's White House race has seen her national opinion poll ratings surpass challenger Donald Trump and dragged betting market probabilities on the latter's win back as low as 55%.

Harris Vows to Fight Trump on Record & Tesla Shares Slump-Bloomberg Daybreak: Europe 07/24/2024

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's guests: BNP Paribas CFO, Lars Machenil, BNP Paribas Markets 360, Equity and Derivatives Strategist, Benedicte Lowe, Deutsche Bank CFO James von Moltke & Equinor CFO Torgrim Reitan (Source: Bloomberg)

Deutsche Bank CFO on Earnings, Buybacks, ECB: Full Intv.

European markets to open lower as investors weigh regional bank and U.S. tech earnings

European markets were set to open lower as investors considered the latest earnings from banks across the region and U.S. tech companies.

Deutsche Bank Won’t Seek Second Buyback This Year, CFO Says

Deutsche Bank AG is no longer planning a second share buyback this year after a provision tied to its Postbank unit pushed it to the first quarterly loss in four years.

Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision

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.

Deutsche Bank's profit streak ends with big lawsuit provision

Deutsche Bank posted a loss in the second quarter, it disclosed on Wednesday, its first in four years after setting aside 1.3 billion euros ($1.41 billion) as a provision for a protracted investor lawsuit over its Postbank acquisition. The loss at Germany's largest lender broke a profit streak after 15 consecutive quarters in the black, in a setback for the bank's turnaround under CEO Christian Sewing. Deutsche Bank executives nevertheless said the bank would meet its targets.

Deutsche Bank Suffers First Loss in Four Years on Legacy Dispute

Deutsche Bank AG suffered its first quarterly loss in four years ago as trading slowed and it booked a charge tied to a legacy issue at its Postbank retail unit.

Pimco, RRJ Near Deal for Refinancing $1 Billion HK Property Loan

Chinese distressed builders Logan Group Co. and KWG Group Holdings Ltd. are close to signing a private loan to refinance a HK$10.2 billion ($1.3 billion) facility that backed the development of a luxury property in Hong Kong, said people familiar with the matter.

Chipotle expected to post big Q2 earnings as it remains competitive on value

Chipotle is expected to hold onto its momentum in Q2, even as consumers criticized the brand over portions sizes.

GM Q2 earnings preview: Street hoping for boosted guidance on strong sales

Investors are expecting another strong second quarter from GM, following strong sales of the automaker's gas-powered vehicles, trucks, and even EVs.

Daily Digest: Deutsche Bank looks to hire in S.F.; Ballers fire coach

EXANTE Appoints New Chief Technology Officer

London, United Kingdom--(Newsfile Corp. - July 22, 2024) - EXANTE is pleased to announce that Richard Forss has been...

Turkey Likely to Take Aim at Excess Liquidity and Hold Key Rate

Turkey’s central bank will probably focus on draining excess lira liquidity and alternative tightening measures as it looks to keep interest rates on pause for a fourth straight month.

Big Banks Say Trump Is Dollar-Bullish Despite Rhetoric

A second Donald Trump presidency would boost the dollar despite the Republican’s recent comments that he’d prefer a weaker US currency, according to Wall Street strategists.

Deutsche Bank to Hire More US Private Bankers in Wealth Push

The head of Deutsche Bank AG‘s US wealth unit plans to keep hiring senior private bankers in a bid to become one of Wall Street’s main European rivals for serving the nation’s ultra-rich.

Golden Energy Group Inks $600 Million Private Loan for Coal Deal

A consortium led by Golden Energy and Resources Pte Ltd. has signed a deal for a $600 million loan from private credit funds including Davidson Kempner Capital Management LP to pay for its acquisition of an Australian coal mine, according to people familiar with the matter.

3 Solar Stocks That Could Be Multibaggers in the Making: July Edition

Solar stocks are exceptionally underrated and undervalued after the industry's year-over-year slide; consider these three gems.

Deutsche Bank Hires Dan Rossi From UBS as a Credit Trader

Deutsche Bank AG has hired Daniel Rossi from UBS Group AG as a director in its investment-grade credit trading unit, according to people with knowledge of the matter.