Erste Group Bank Issues Optimistic Estimate for DB Earnings

Deutsche Bank Aktiengesellschaft (NYSE:DB) – Equities researchers at Erste Group Bank increased their FY2027 EPS estimates for Deutsche Bank Aktiengesellschaft in a report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now expects that the bank will post earnings of $4.40 per share for the year, up from their prior estimate of $4.27. The consensus estimate for Deutsche Bank Aktiengesellschaft’s current full-year earnings is $3.88 per share.

A number of other analysts have also recently commented on DB. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $38.24 on Tuesday. 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 market cap of $74.19 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.53 and a beta of 0.94. The stock has a fifty day simple moving average of $34.97 and a two-hundred day simple moving average of $33.86. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.43.

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

Institutional Trading of Deutsche Bank Aktiengesellschaft

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after purchasing an additional 1,051,072 shares in the last quarter. Amundi lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the first quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after purchasing an additional 6,139,611 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 3.7% during the fourth quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after buying an additional 966,655 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Deutsche Bank Aktiengesellschaft by 83.1% during the first quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock valued at $637,893,000 after buying an additional 9,719,181 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Deutsche Bank Aktiengesellschaft by 5.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock worth $600,821,000 after buying an additional 957,307 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.