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Deutsche Bank AG DB

Morningstar Rating
$12.97 0.00 (0.00%)
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Company Report

Deutsche Bank Earnings: Revenue Guidance Increase Anticipates Rebound in Mergers and Acquisitions

Deutsche Bank reported fourth-quarter 2023 profits before tax of EUR 698 million, 10% lower than a year ago, when the bank posted an exceptionally strong quarter. Deutsche did disappoint relative to consensus estimates collected by the bank itself on revenue of EUR 6.658 billion (2% below consensus estimates) and adjusted costs of EUR 5.305 billion (3% above consensus estimates). The reasons were a still weak backdrop for the investment bank and its fixed-income trading operation as well as the asset management segment performing below expectations. We maintain our fair value estimate of EUR 13 per share and no economic moat rating.

Price vs Fair Value

DB is trading at a 8% discount.
Price
$12.97
Fair Value
$57.90
Uncertainty
High
1-Star Price
$23.63
5-Star Price
$8.28
Economic Moat
Vzt
Capital Allocation
Wrkl

Bulls Say, Bears Say

Bulls

After years of declining revenue but sticky costs, Deutsche is on track to improve its cost efficiency.

Bears

Strength in investment banking could rekindle ambitions to target a global top-tier spot in this business, a position which has brought DBK into disarray in the past.

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News

Trading Information

Previous Close Price
$12.97
Day Range
$12.8713.01
52-Week Range
$8.8514.02
Bid/Ask
$13.17 / $13.19
Market Cap
$26.06 Bil
Volume/Avg
1,739 / 2.8 Mil

Key Statistics

Price/Earnings (Normalized)
6.10
Price/Sales
0.90
Dividend Yield (Trailing)
2.50%
Dividend Yield (Forward)
3.74%
Total Yield
4.14%

Company Profile

Deutsche Bank is a universal bank operating on a global scale. The bank offers corporate, retail, investment banking, private banking, and asset management to its clients.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Large Value
Total Number of Employees
89,260

Competitors

Valuation

Metric
DB
C
JPM
Price/Earnings (Normalized)
6.109.1910.30
Price/Book Value
0.380.551.69
Price/Sales
0.901.353.28
Price/Cash Flow
3.052.317.68
Price/Earnings
DB
C
JPM

Financial Strength

Metric
DB
C
JPM
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
DB
C
JPM
Return on Assets (Normalized)
0.30%0.53%1.29%
Return on Equity (Normalized)
6.59%6.92%17.36%
Return on Invested Capital (Normalized)
Return on Assets
DB
C
JPM
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Morningstar Rating for Stocks
Economic Moat
Market Cap
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ISNPY
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TFC
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MFG
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LYG
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BBD
Bank Bradesco SA ADRLyn$28.5 Bil

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