Deutsche Bank AG
Four worries that should keep market bulls awake at night
Investors are still expressing signs of concern despite the stock market hitting all-time highs, according to Deutsche Bank. After the Federal Reserve cut interest rates by a half percentage point last week, the S & P 500 and the Dow Jones Industrial Average hit new milestones , topping 5,700 and 42,000, respectively, for the first […]
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What buying Commerzbank would mean for UniCredit — and the banking sector
Key Points Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. UniCredit continues to surprise markets with some stellar quarterly profit beats. It earned 8.6 billion euros last year (up 54% year-on-year), also pleasing investors via share buybacks and dividends. Analysts are hoping […]
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UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank in his sights
UniCredit CEO Andrea Orcel during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images UniCredit‘s CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could […]
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3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are striking deals and partnerships to […]
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Stocks making the biggest moves midday: Urban Outfitters, Peloton, Advance Auto Parts and more
Check out the companies making headlines in midday trading. Crocs — Shares of the footwear company gained nearly 2% following an upgrade to buy at Williams Trading. The investment firm said Crocs’ addition of actress Sydney Sweeney as a spokesperson for its Heydude brand could reverse previously negative sales trends. Nordson — The adhesives stock […]
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Stocks making the biggest moves premarket: Crocs, Paramount Global, Deutsche Bank, Snowflake and more
Check out the companies making headlines in premarket trading: Crocs — The footwear stock ticked up more than 1% after an upgrade to buy from hold at Williams Trading. The investment firm said Crocs’ move to sign actress Sydney Sweeney as a spokesperson for its Heydude brand could help reverse negative sales trends. Agilent Technologies […]
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Deutsche Bank shares rise 4% after settlement of bulk of claims in long-running Postbank suit
A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Images Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade […]
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‘Late low ball’: Lawyer slams Deutsche Bank settlement offer in long-running Postbank suit
A Deutsche Bank branch in the financial district of Frankfurt, Germany, on May 6, 2022. Alex Kraus | Bloomberg | Getty Images A lawyer representing plaintiffs in a long-running case against Deutsche Bank on Friday slammed a proposed settlement from the German lender as a “late low ball” offer. The crux of the challenge against […]
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U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty Images U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced […]
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Stocks making the biggest moves before the bell: McDonald’s, Tesla, Stellantis and more
Check out the companies making headlines in premarket trading. McDonald’s — Shares were down slightly in the premarket after the fast food giant reported second-quarter results that missed analyst expectations . McDonald’s also said its same-store sales — a key metric for restaurants — declined broadly. Revvity — Shares gained 6% after the life sciences […]
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